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 note published on Saturday morning,Weiss Ratings reports.

5E Advanced Materials Price Performance

Shares of NASDAQ:FEAM opened at $0.47 on Friday. The firm has a 50 day moving average of $0.51 and a 200-day moving average of $0.65. The stock has a market capitalization of $32.58 million, a PE ratio of -0.42 and a beta of 1.64. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 35.91. 5E Advanced Materials has a 12 month low of $0.38 and a 12 month high of $2.48.

Institutional Trading of 5E Advanced Materials

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its position 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 acquiring an additional 51,668 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of 5E Advanced Materials in the 2nd quarter valued at approximately $83,000. AQR Capital Management LLC bought a new stake in shares of 5E Advanced Materials during the second quarter worth $27,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of 5E Advanced Materials in the 2nd quarter valued at $61,000.

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.