5E Advanced Materials (NASDAQ:FEAM) Announces Quarterly Earnings Results

5E Advanced Materials (NASDAQ:FEAM) announced its quarterly earnings data on Wednesday. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05), Yahoo Finance reports. During the same quarter in the prior year, the business posted ($0.30) EPS.

5E Advanced Materials Trading Down 3.1 %

Shares of FEAM opened at $2.54 on Thursday. 5E Advanced Materials has a 1 year low of $2.47 and a 1 year high of $19.97. The stock has a market cap of $112.14 million, a PE ratio of -3.34 and a beta of 2.37. The stock has a 50 day simple moving average of $3.34 and a 200-day simple moving average of $4.51. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.57.

Hedge Funds Weigh In On 5E Advanced Materials

Institutional investors have recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in 5E Advanced Materials by 92.2% during the 1st quarter. Barclays PLC now owns 19,841 shares of the company’s stock valued at $108,000 after purchasing an additional 9,520 shares during the last quarter. ExodusPoint Capital Management LP bought a new position in 5E Advanced Materials in the 2nd quarter valued at $90,000. Squarepoint Ops LLC bought a new position in 5E Advanced Materials in the 1st quarter valued at $90,000. UBS Group AG raised its position in 5E Advanced Materials by 4,863.5% in the 1st quarter. UBS Group AG now owns 15,784 shares of the company’s stock valued at $86,000 after purchasing an additional 15,466 shares during the last quarter. Finally, Royal Bank of Canada raised its position in 5E Advanced Materials by 102.6% in the 3rd quarter. Royal Bank of Canada now owns 8,471 shares of the company’s stock valued at $86,000 after purchasing an additional 4,290 shares during the last quarter. 19.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FEAM has been the subject of several recent research reports. B. Riley dropped their price target on shares of 5E Advanced Materials from $20.00 to $10.00 in a research report on Tuesday, May 16th. Maxim Group began coverage on 5E Advanced Materials in a report on Wednesday, May 24th. They issued a “hold” rating for the company.

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