Largo (NYSE:LGO - Free Report) had its price target lowered by HC Wainwright from $4.40 to $4.20 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.
Largo Stock Performance
Shares of LGO stock remained flat at $2.05 during midday trading on Thursday. 140,197 shares of the company traded hands, compared to its average volume of 103,920. The stock has a market cap of $131.43 million, a price-to-earnings ratio of -2.56 and a beta of 1.75. The company has a quick ratio of 1.23, a current ratio of 2.13 and a debt-to-equity ratio of 0.35. Largo has a 1-year low of $1.38 and a 1-year high of $2.84. The firm has a 50 day moving average price of $2.00 and a 200 day moving average price of $1.92.
Institutional Investors Weigh In On Largo
An institutional investor recently bought a new position in Largo stock. Herr Investment Group LLC purchased a new position in shares of Largo Inc. (NYSE:LGO - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 200,025 shares of the company's stock, valued at approximately $370,000. Herr Investment Group LLC owned approximately 0.31% of Largo at the end of the most recent reporting period. 64.08% of the stock is currently owned by hedge funds and other institutional investors.
About Largo
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Largo Inc engages in the development and sale of vanadium-based energy storage systems in Canada. The company operates through, Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Largo Clean Energy and Largo Physical Vanadium Segments. Its products include VPURE+ vanadium flakes that are used in the production of master alloys and aerospace applications; VPURE vanadium flakes ferrovanadium and vanadium carbon nitride for the steel industry; and VPURE+ vanadium powder for catalyst applications.
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