Westwater Resources (NASDAQ:WWR) Earns Sell Rating from Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Westwater Resources (NASDAQ:WWR) in a research note issued to investors on Friday. The firm set a “sell” rating on the basic materials company’s stock.

Westwater Resources Price Performance

Shares of WWR stock opened at $0.45 on Friday. The business has a fifty day moving average of $0.50 and a 200 day moving average of $0.55. The firm has a market capitalization of $25.68 million, a price-to-earnings ratio of -3.00 and a beta of 1.65. Westwater Resources has a 1 year low of $0.44 and a 1 year high of $1.07.

Westwater Resources (NASDAQ:WWR) last announced its quarterly earnings data on Tuesday, March 19th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Westwater Resources

Several institutional investors and hedge funds have recently modified their holdings of WWR. Vanguard Group Inc. grew its stake in shares of Westwater Resources by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,006,532 shares of the basic materials company’s stock worth $1,340,000 after purchasing an additional 33,816 shares during the period. Geode Capital Management LLC grew its position in Westwater Resources by 5.2% during the first quarter. Geode Capital Management LLC now owns 406,814 shares of the basic materials company’s stock valued at $452,000 after buying an additional 20,059 shares during the period. Jane Street Group LLC purchased a new position in Westwater Resources in the fourth quarter valued at $42,000. Morgan Stanley raised its position in shares of Westwater Resources by 38.8% in the fourth quarter. Morgan Stanley now owns 58,205 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 16,280 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of Westwater Resources in the fourth quarter worth about $49,000. Institutional investors and hedge funds own 7.72% of the company’s stock.

Westwater Resources Company Profile

Westwater Resources, Inc operates as an energy technology company, focuses on developing battery-grade natural graphite materials. The company holds interests in Coosa graphite project covering an area of approximately 41,965 acres situated in Coosa County, Alabama. The company was formerly known as Uranium Resources, Inc and changed its name to Westwater Resources, Inc in August 2017.