HC Wainwright reissued their buy rating on shares of Largo (NYSE:LGO - Free Report) in a research note published on Friday morning,Benzinga reports. The firm currently has a $4.20 target price on the stock.
Largo Stock Up 1.8 %
NYSE:LGO traded up $0.03 during mid-day trading on Friday, hitting $1.70. 145,146 shares of the company's stock traded hands, compared to its average volume of 107,376. The company has a fifty day moving average of $2.09 and a 200 day moving average of $1.96. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.67. Largo has a twelve month low of $1.38 and a twelve month high of $2.84. The company has a market capitalization of $108.99 million, a P/E ratio of -2.13 and a beta of 1.66.
Largo (NYSE:LGO - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.07). The company had revenue of $29.91 million for the quarter. Largo had a negative net margin of 35.10% and a negative return on equity of 22.61%. During the same quarter in the prior year, the business posted ($0.19) EPS. On average, analysts forecast that Largo will post -0.57 EPS for the current year.
Institutional Investors Weigh In On Largo
Several institutional investors and hedge funds have recently made changes to their positions in LGO. Renaissance Technologies LLC increased its position in shares of Largo by 19.9% in the 2nd quarter. Renaissance Technologies LLC now owns 43,900 shares of the company's stock valued at $81,000 after acquiring an additional 7,300 shares during the period. XTX Topco Ltd purchased a new stake in Largo during the 3rd quarter valued at about $32,000. Finally, Herr Investment Group LLC acquired a new position in shares of Largo in the second quarter valued at about $370,000. 64.08% of the stock is currently owned by institutional investors and hedge funds.
Largo Company Profile
(
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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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