Largo Inc. (NYSE:LGO - Get Free Report)'s share price fell 5.1% during trading on Monday . The company traded as low as $1.67 and last traded at $1.68. 48,918 shares traded hands during trading, a decline of 40% from the average session volume of 81,574 shares. The stock had previously closed at $1.77.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reaffirmed a "buy" rating and issued a $4.20 price objective on shares of Largo in a research note on Friday, December 20th.
Read Our Latest Stock Analysis on LGO
Largo Price Performance
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 firm's 50-day moving average price is $1.96 and its 200-day moving average price is $1.94. The stock has a market capitalization of $105.78 million, a PE ratio of -2.06 and a beta of 1.69.
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 during the quarter. Largo had a negative net margin of 35.10% and a negative return on equity of 22.61%. During the same period last year, the firm earned ($0.19) earnings per share. On average, equities analysts forecast that Largo Inc. will post -0.57 EPS for the current fiscal year.
Hedge Funds Weigh In On Largo
A number of large investors have recently made changes to their positions in LGO. Herr Investment Group LLC bought a new stake in Largo in the second quarter worth about $370,000. XTX Topco Ltd bought a new stake in shares of Largo during the 3rd quarter worth approximately $32,000. Finally, Renaissance Technologies LLC boosted its holdings in Largo by 19.9% during 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. 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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