5E Advanced Materials’ (FEAM) “Sell (E)” Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (e) rating on shares of 5E Advanced Materials (NASDAQ:FEAM) in a report released on Saturday,Weiss Ratings reports.

5E Advanced Materials Stock Down 4.3 %

FEAM stock opened at $0.47 on Friday. The business has a 50-day moving average of $0.51 and a 200-day moving average of $0.65. 5E Advanced Materials has a fifty-two week low of $0.38 and a fifty-two week high of $2.48. The stock has a market capitalization of $32.58 million, a P/E ratio of -0.42 and a beta of 1.64. The company has a debt-to-equity ratio of 35.91, a current ratio of 1.08 and a quick ratio of 1.08.

Institutional Investors Weigh In On 5E Advanced Materials

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in 5E Advanced Materials by 11.8% in the third quarter. Geode Capital Management LLC now owns 487,922 shares of the company’s stock valued at $264,000 after purchasing an additional 51,668 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in 5E Advanced Materials in the second quarter valued at approximately $83,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of 5E Advanced Materials in the second quarter valued at approximately $61,000. Finally, AQR Capital Management LLC bought a new position in shares of 5E Advanced Materials during the 2nd quarter worth approximately $27,000.

5E Advanced Materials Company Profile

5E Advanced Materials, Inc engages in the exploration and development of mineral properties in Australia and the United States. The company primarily explores for borates and lithium deposits. It holds 100% interest in the Fort Cady project located in the Mojave Desert region in eastern San Bernardino County, California.