Sigma Lithium Co. (NASDAQ:SGML - Get Free Report) traded up 5.1% during trading on Tuesday . The stock traded as high as $14.14 and last traded at $14.10. 196,218 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 1,030,677 shares. The stock had previously closed at $13.41.
Analyst Upgrades and Downgrades
Separately, BMO Capital Markets cut their price target on shares of Sigma Lithium from $25.00 to $20.00 and set an "outperform" rating for the company in a report on Monday, August 19th.
View Our Latest Report on Sigma Lithium
Sigma Lithium Stock Performance
The company has a market cap of $1.62 billion, a PE ratio of 162.11 and a beta of 0.18. The firm's fifty day moving average is $11.59 and its 200 day moving average is $12.86. The company has a current ratio of 1.05, a quick ratio of 0.96 and a debt-to-equity ratio of 0.02.
Sigma Lithium (NASDAQ:SGML - Get Free Report) last released its earnings results on Thursday, August 15th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.23). Sigma Lithium had a return on equity of 6.18% and a net margin of 4.28%. The business had revenue of $45.94 million for the quarter, compared to analysts' expectations of $69.70 million.
Institutional Investors Weigh In On Sigma Lithium
A number of large investors have recently modified their holdings of the business. Point72 DIFC Ltd purchased a new stake in shares of Sigma Lithium during the second quarter worth $48,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Sigma Lithium during the second quarter worth $107,000. Tidal Investments LLC grew its holdings in shares of Sigma Lithium by 65.9% during the first quarter. Tidal Investments LLC now owns 44,241 shares of the company's stock worth $573,000 after buying an additional 17,566 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Sigma Lithium in the second quarter valued at about $672,000. Finally, CQS US LLC grew its holdings in shares of Sigma Lithium by 72.0% in the second quarter. CQS US LLC now owns 215,000 shares of the company's stock valued at $2,586,000 after purchasing an additional 90,000 shares during the period. Hedge funds and other institutional investors own 64.86% of the company's stock.
Sigma Lithium Company Profile
(
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Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds a 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 29 mineral rights covering an area of approximately 185 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil.
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