Shares of Westmoreland Coal (NASDAQ:WLB) were down 20.3% during mid-day trading on Wednesday . The stock traded as low as $0.54 and last traded at $0.55. Approximately 1,469,123 shares changed hands during mid-day trading, an increase of 221% from the average daily volume of 457,904 shares. The stock had previously closed at $0.69.

Several analysts have issued reports on WLB shares. Zacks Investment Research raised Westmoreland Coal from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 2nd. B. Riley reaffirmed a “buy” rating on shares of Westmoreland Coal in a research note on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Westmoreland Coal presently has a consensus rating of “Hold” and a consensus target price of $6.00.

The firm has a market capitalization of $10.66, a P/E ratio of -0.09 and a beta of 0.48. The company has a current ratio of 1.04, a quick ratio of 0.71 and a debt-to-equity ratio of -1.32.

Large investors have recently added to or reduced their stakes in the company. Mangrove Partners boosted its stake in shares of Westmoreland Coal by 19.1% during the third quarter. Mangrove Partners now owns 992,251 shares of the coal producer’s stock valued at $2,530,000 after purchasing an additional 158,906 shares during the period. Macquarie Group Ltd. purchased a new stake in shares of Westmoreland Coal during the third quarter valued at approximately $531,000. Dimensional Fund Advisors LP purchased a new stake in shares of Westmoreland Coal during the second quarter valued at approximately $1,340,000. Stonehill Capital Management LLC boosted its stake in shares of Westmoreland Coal by 97.0% during the third quarter. Stonehill Capital Management LLC now owns 386,481 shares of the coal producer’s stock valued at $986,000 after purchasing an additional 190,268 shares during the period. Finally, Dynamic Technology Lab Private Ltd boosted its stake in shares of Westmoreland Coal by 541.4% during the second quarter. Dynamic Technology Lab Private Ltd now owns 100,767 shares of the coal producer’s stock valued at $491,000 after purchasing an additional 85,057 shares during the period. 62.37% of the stock is owned by hedge funds and other institutional investors.

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About Westmoreland Coal

Westmoreland Coal Company is an energy company. The Company operates through six segments: Coal-U.S., Coal-Canada, Coal-(WMLP), Power, Heritage and Corporate. The Coal-U.S. segment includes the operations of coal mines located in Montana, North Dakota, Ohio, Texas and New Mexico. The Coal-Canada segment includes the operations of coal mines located in Alberta and Saskatchewan.

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