HC Wainwright Has Lowered Expectations for Westwater Resources (NASDAQ:WWR) Stock Price

Westwater Resources (NASDAQ:WWR) had its price target decreased by HC Wainwright from $2.50 to $2.00 in a report issued on Thursday,Benzinga reports. HC Wainwright currently has a buy rating on the basic materials company’s stock.

Separately, Wall Street Zen assumed coverage on shares of Westwater Resources in a research report on Wednesday, May 21st. They set a “sell” rating for the company.

Westwater Resources Trading Up 1.3%

WWR opened at $0.59 on Thursday. Westwater Resources has a 12-month low of $0.45 and a 12-month high of $1.32. The firm has a market capitalization of $45.46 million, a PE ratio of -4.58 and a beta of 1.06. The firm has a 50 day moving average of $0.51 and a two-hundred day moving average of $0.65.

Hedge Funds Weigh In On Westwater Resources

A number of institutional investors have recently bought and sold shares of WWR. Cambridge Investment Research Advisors Inc. purchased a new position in Westwater Resources during the 1st quarter worth approximately $84,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Westwater Resources during the 1st quarter worth approximately $55,000. Geode Capital Management LLC raised its position in Westwater Resources by 16.7% during the 4th quarter. Geode Capital Management LLC now owns 608,045 shares of the basic materials company’s stock worth $431,000 after buying an additional 87,087 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Westwater Resources by 536.3% during the 4th quarter. Renaissance Technologies LLC now owns 99,201 shares of the basic materials company’s stock valued at $70,000 after purchasing an additional 83,611 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its holdings in shares of Westwater Resources by 53.0% during the 1st quarter. Pinnacle Associates Ltd. now owns 133,900 shares of the basic materials company’s stock valued at $74,000 after purchasing an additional 46,400 shares in the last quarter. 7.72% of the stock is owned by hedge funds and other institutional investors.

About Westwater Resources

Westwater Resources, Inc operates as an energy technology company, focuses on developing battery-grade natural graphite materials. The company holds interests in Kellyton Graphite Plant located in Kellyton, Alabama; and Bama Mine Project situated in south Alabama. It holds interests in Coosa graphite project located in Coosa County, Alabama.