Largo Inc. (NYSE:LGO - Get Free Report) shares were up 1.5% during trading on Wednesday . The stock traded as high as $1.93 and last traded at $1.93. Approximately 46,180 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 122,879 shares. The stock had previously closed at $1.90.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reduced their target price on Largo from $4.20 to $3.70 and set a "buy" rating for the company in a research note on Wednesday, February 12th.
Check Out Our Latest Analysis on Largo
Largo Price Performance
The company has a quick ratio of 0.81, a current ratio of 1.67 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $118.61 million, a price-to-earnings ratio of -2.31 and a beta of 1.69. The stock's 50-day simple moving average is $1.81 and its two-hundred day simple moving average is $1.91.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of LGO. Sprott Inc. boosted its stake in shares of Largo by 156.8% in the fourth quarter. Sprott Inc. now owns 1,016,809 shares of the company's stock worth $1,749,000 after acquiring an additional 620,909 shares during the last quarter. Millennium Management LLC acquired a new position in Largo in the 4th quarter valued at $74,000. Virtu Financial LLC purchased a new position in Largo in the 4th quarter valued at $39,000. Finally, XTX Topco Ltd acquired a new stake in Largo during the 3rd quarter worth $32,000. 64.08% of the stock is 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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