HC Wainwright reissued their buy rating on shares of Largo (NYSE:LGO - Free Report) in a report released on Tuesday, Benzinga reports. HC Wainwright currently has a $4.40 price target on the stock.
Largo Trading Down 4.0 %
LGO traded down $0.08 on Tuesday, reaching $1.90. 152,407 shares of the company traded hands, compared to its average volume of 91,840. Largo has a one year low of $1.38 and a one year high of $2.70. The firm has a fifty day simple moving average of $1.87 and a two-hundred day simple moving average of $1.83. The company has a market cap of $121.74 million, a P/E ratio of -2.75 and a beta of 1.80. The company has a quick ratio of 1.23, a current ratio of 2.13 and a debt-to-equity ratio of 0.35.
Largo (NYSE:LGO - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.23) EPS for the quarter. Largo had a negative net margin of 33.12% and a negative return on equity of 21.87%. The business had revenue of $28.56 million during the quarter. As a group, equities research analysts expect that Largo will post -0.44 earnings per share for the current year.
Institutional Trading of Largo
A hedge fund recently raised its stake in Largo stock. Renaissance Technologies LLC lifted its position in Largo Inc. (NYSE:LGO - Free Report) by 19.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,900 shares of the company's stock after purchasing an additional 7,300 shares during the period. Renaissance Technologies LLC owned about 0.07% of Largo worth $81,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 64.08% of the company's stock.
About Largo
(
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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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