Largo Inc. (NYSE:LGO - Get Free Report) was down 0.6% during trading on Thursday . The company traded as low as $1.55 and last traded at $1.63. Approximately 91,878 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 126,361 shares. The stock had previously closed at $1.64.
Analyst Ratings Changes
Separately, HC Wainwright reiterated a "buy" rating and set a $3.90 price target on shares of Largo in a research note on Friday.
Read Our Latest Report on Largo
Largo Stock Performance
The company has a debt-to-equity ratio of 0.34, a current ratio of 1.67 and a quick ratio of 0.81. The firm has a market cap of $103.86 million, a P/E ratio of -2.03 and a beta of 1.63. The stock's 50 day moving average is $1.66 and its two-hundred day moving average is $1.86.
Institutional Investors Weigh In On Largo
Large investors have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in Largo in the 4th quarter valued at $39,000. Sprott Inc. lifted its holdings in shares of Largo by 156.8% during the fourth quarter. Sprott Inc. now owns 1,016,809 shares of the company's stock valued at $1,749,000 after acquiring an additional 620,909 shares during the period. Finally, Millennium Management LLC bought a new position in shares of Largo during the fourth quarter valued at $74,000. 64.08% of the stock is currently owned by institutional investors.
About Largo
(
Get Free Report)
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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