5E Advanced Materials (NASDAQ:FEAM) Shares Down 5.2% – Here’s Why

5E Advanced Materials, Inc. (NASDAQ:FEAM)’s stock price fell 5.2% during trading on Monday . The stock traded as low as $0.46 and last traded at $0.47. 43,400 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 166,750 shares. The stock had previously closed at $0.50.

Analysts Set New Price Targets

Several brokerages recently commented on FEAM. DA Davidson reissued a “buy” rating and issued a $10.00 price objective on shares of 5E Advanced Materials in a research note on Thursday, September 5th. Maxim Group dropped their price objective on shares of 5E Advanced Materials from $4.00 to $1.25 and set a “buy” rating for the company in a research note on Thursday, September 12th.

5E Advanced Materials Stock Down 4.0 %

The company’s 50 day moving average price is $0.55 and its 200-day moving average price is $0.96. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.70 and a current ratio of 0.70.

5E Advanced Materials (NASDAQ:FEAM) last released its quarterly earnings results on Monday, September 9th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.16). On average, research analysts predict that 5E Advanced Materials, Inc. will post -0.4 EPS for the current year.

Institutional Investors Weigh In On 5E Advanced Materials

Large investors have recently modified their holdings of the company. Bleakley Financial Group LLC acquired a new stake in shares of 5E Advanced Materials during the first quarter worth $42,000. Cubist Systematic Strategies LLC acquired a new stake in shares of 5E Advanced Materials during the second quarter worth $83,000. AQR Capital Management LLC acquired a new stake in shares of 5E Advanced Materials during the second quarter worth $27,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of 5E Advanced Materials during the second quarter worth $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.