5E Advanced Materials (NASDAQ:FEAM) Given “Sell (E)” Rating at Weiss Ratings

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

Separately, Maxim Group reduced their target price on shares of 5E Advanced Materials from $23.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th.

5E Advanced Materials Stock Performance

Shares of FEAM stock opened at $4.33 on Friday. The firm’s 50 day moving average price is $6.87 and its 200-day moving average price is $10.28. The company has a debt-to-equity ratio of 35.91, a quick ratio of 0.15 and a current ratio of 0.15. 5E Advanced Materials has a one year low of $2.82 and a one year high of $45.89. The firm has a market cap of $12.97 million, a P/E ratio of -0.17 and a beta of 1.67.

5E Advanced Materials (NASDAQ:FEAM) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($4.83) EPS for the quarter. As a group, equities research analysts predict that 5E Advanced Materials will post -9.22 EPS for the current year.

Institutional Investors Weigh In On 5E Advanced Materials

A hedge fund recently raised its stake in 5E Advanced Materials stock. Geode Capital Management LLC boosted its holdings in shares of 5E Advanced Materials, Inc. (NASDAQ:FEAM) by 11.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 487,922 shares of the company’s stock after buying an additional 51,668 shares during the quarter. Geode Capital Management LLC owned 0.71% of 5E Advanced Materials worth $264,000 as of its most recent SEC filing.

About 5E Advanced Materials

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.