Largo (NYSE:LGO - Get Free Report) had its target price dropped by stock analysts at HC Wainwright from $4.20 to $3.70 in a report issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. HC Wainwright's price target suggests a potential upside of 104.42% from the company's previous close.
Largo Stock Performance
LGO stock traded down $0.05 during trading on Wednesday, reaching $1.81. The stock had a trading volume of 196,201 shares, compared to its average volume of 175,011. The company has a current ratio of 1.67, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The stock's 50 day moving average is $1.82 and its two-hundred day moving average is $1.93. The firm has a market cap of $116.04 million, a PE ratio of -2.26 and a beta of 1.70. Largo has a 52 week low of $1.38 and a 52 week high of $2.84.
Largo (NYSE:LGO - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.07). The company had revenue of $29.91 million during the quarter. Largo had a negative return on equity of 22.61% and a negative net margin of 35.10%. During the same period last year, the firm posted ($0.19) EPS. As a group, equities analysts anticipate that Largo will post -0.57 earnings per share for the current year.
Institutional Trading of Largo
A number of hedge funds and other institutional investors have recently bought and sold shares of LGO. XTX Topco Ltd purchased a new stake in Largo in the third quarter worth about $32,000. Virtu Financial LLC purchased a new stake in Largo in the fourth quarter worth about $39,000. Finally, Sprott Inc. grew its position in shares of Largo by 156.8% during the fourth quarter. Sprott Inc. now owns 1,016,809 shares of the company's stock worth $1,749,000 after purchasing an additional 620,909 shares in the last quarter. Hedge funds and other institutional investors own 64.08% of the company's stock.
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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