American Resources (NASDAQ:AREC) Announces Earnings Results

American Resources (NASDAQ:AREC) posted its quarterly earnings results on Monday. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.04), Yahoo Finance reports. American Resources had a negative return on equity of 978.72% and a negative net margin of 179.75%. During the same quarter last year, the business earned ($0.01) earnings per share.

American Resources Trading Down 5.3 %

AREC stock opened at $0.54 on Wednesday. American Resources has a 1-year low of $0.44 and a 1-year high of $1.86. The company has a current ratio of 0.30, a quick ratio of 0.29 and a debt-to-equity ratio of 230.66. The business’s 50 day moving average is $0.67 and its 200-day moving average is $1.13. The firm has a market cap of $42.76 million, a P/E ratio of -4.15 and a beta of 0.31.

Analyst Upgrades and Downgrades

AREC has been the topic of several research reports. Roth Mkm restated a “buy” rating and set a $5.00 price target on shares of American Resources in a research note on Friday, May 24th. EF Hutton Acquisition Co. I upgraded American Resources to a “strong-buy” rating in a research note on Monday, June 3rd.

American Resources Company Profile

American Resources Corporation, together with its subsidiaries, extracts, processes, transports, and sells metallurgical coal to the steel and industrial industries. It supplies raw materials; and sells coal used in pulverized coal injections. The company was founded in 2006 and is headquartered in Fishers, Indiana.