5E Advanced Materials (NASDAQ:FEAM) Now Covered by Analysts at Maxim Group

Maxim Group assumed coverage on shares of 5E Advanced Materials (NASDAQ:FEAM – Get Rating) in a research note released on Wednesday, Marketbeat Ratings reports. The firm issued a hold rating on the stock.

Separately, B. Riley reduced their target price on 5E Advanced Materials from $20.00 to $10.00 in a report on Tuesday, May 16th.

5E Advanced Materials Stock Down 10.4 %

FEAM opened at $3.01 on Wednesday. 5E Advanced Materials has a 1-year low of $2.75 and a 1-year high of $27.71. The stock’s fifty day simple moving average is $4.70 and its 200 day simple moving average is $7.69. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.57. The stock has a market cap of $132.89 million, a PE ratio of -3.96 and a beta of 2.27.

Institutional Trading of 5E Advanced Materials

Large investors have recently bought and sold shares of the business. State Street Corp bought a new position in 5E Advanced Materials in the second quarter valued at about $6,033,000. Northern Trust Corp bought a new position in shares of 5E Advanced Materials during the second quarter worth about $3,229,000. Goldman Sachs Group Inc. bought a new position in shares of 5E Advanced Materials during the second quarter worth about $1,586,000. Geode Capital Management LLC raised its position in shares of 5E Advanced Materials by 14.5% during the fourth quarter. Geode Capital Management LLC now owns 612,834 shares of the company’s stock worth $4,829,000 after acquiring an additional 77,548 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of 5E Advanced Materials by 4.0% during the third quarter. Vanguard Group Inc. now owns 1,573,396 shares of the company’s stock worth $15,985,000 after acquiring an additional 60,937 shares during the last quarter. 26.01% of the stock is owned by institutional investors and hedge funds.

5E Advanced Materials Company Profile

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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 focuses on the Fort Cady project located in Southern California. The company was formerly known as American Pacific Borates Limited.