Largo Inc. (NYSE:LGO - Get Free Report) was down 2.5% during trading on Thursday . The stock traded as low as $1.98 and last traded at $1.98. Approximately 71,086 shares changed hands during trading, a decline of 32% from the average daily volume of 105,267 shares. The stock had previously closed at $2.03.
Analyst Upgrades and Downgrades
Separately, HC Wainwright dropped their price target on Largo from $4.40 to $4.20 and set a "buy" rating on the stock in a research note on Thursday, November 14th.
Read Our Latest Stock Analysis on LGO
Largo Price Performance
The company has a market cap of $124.38 million, a PE ratio of -2.43 and a beta of 1.66. The stock has a fifty day moving average price of $2.12 and a 200-day moving average price of $1.98. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.67 and a quick ratio of 0.81.
Largo (NYSE:LGO - Get Free Report) last announced 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). Largo had a negative return on equity of 22.61% and a negative net margin of 35.10%. The business had revenue of $29.91 million during the quarter. During the same period in the prior year, the company posted ($0.19) earnings per share. On average, equities analysts expect that Largo Inc. will post -0.57 earnings per share for the current year.
Hedge Funds Weigh In On Largo
Several institutional investors and hedge funds have recently modified their holdings of the stock. Herr Investment Group LLC acquired a new stake in Largo in the second quarter valued at approximately $370,000. Renaissance Technologies LLC lifted its stake 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 purchasing an additional 7,300 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in Largo in the third quarter worth $32,000. 64.08% of the stock is currently owned by hedge funds and other 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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