Largo (NYSE:LGO – Free Report) had its target price decreased by HC Wainwright from $4.40 to $4.20 in a research report report published on Thursday,Benzinga reports. HC Wainwright currently has a buy rating on the stock. HC Wainwright also issued estimates for Largo’s FY2025 earnings at $0.11 EPS.
Largo Stock Performance
Shares of Largo stock traded down $0.09 on Thursday, reaching $1.94. 121,864 shares of the company were exchanged, compared to its average volume of 103,998. Largo has a 1-year low of $1.38 and a 1-year high of $2.84. The firm has a market cap of $124.38 million, a price-to-earnings ratio of -2.46 and a beta of 1.75. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.67. The company’s 50-day moving average is $2.01 and its two-hundred day moving average is $1.92.
Institutional Trading of Largo
A hedge fund recently raised its stake in Largo stock. Renaissance Technologies LLC raised its position in Largo Inc. (NYSE:LGO – Free Report) by 19.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,900 shares of the company’s stock after purchasing an additional 7,300 shares during the quarter. Renaissance Technologies LLC owned about 0.07% of Largo worth $81,000 as of its most recent filing with the Securities and Exchange Commission. 64.08% of the stock is currently owned by institutional investors and hedge funds.
Largo Company Profile
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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