American Resources (NASDAQ:AREC – Free Report) had its target price reduced by HC Wainwright from $3.50 to $3.25 in a report issued on Thursday, Benzinga reports. They currently have a buy rating on the stock.
American Resources Price Performance
Shares of NASDAQ:AREC opened at $1.56 on Thursday. The company has a market capitalization of $122.01 million, a PE ratio of 156.00 and a beta of 0.38. The company has a debt-to-equity ratio of 4.05, a quick ratio of 0.35 and a current ratio of 0.39. The stock has a fifty day moving average of $1.44 and a 200-day moving average of $1.59. American Resources has a one year low of $1.04 and a one year high of $2.16.
American Resources (NASDAQ:AREC – Get Free Report) last announced its earnings results on Monday, August 14th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. American Resources had a negative return on equity of 700.09% and a negative net margin of 1.48%. The business had revenue of $1.98 million during the quarter, compared to the consensus estimate of $18.30 million. During the same period in the prior year, the business posted ($0.04) earnings per share. As a group, equities analysts anticipate that American Resources will post -0.26 EPS for the current fiscal year.
Institutional Inflows and Outflows
About American Resources
American Resources Corporation engages in the extraction, processing, transportation, distribution, and sale of metallurgical coal to the steel industries. The company supplies raw materials; and sells coal used in pulverized coal injections. It has a portfolio of operations located in the Pike, Knott, and Letcher Counties in Kentucky; and Wyoming County, West Virginia.
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