HC Wainwright reaffirmed their buy rating on shares of Largo (NYSE:LGO - Free Report) in a report released on Friday,Benzinga reports. The firm currently has a $3.90 target price on the stock.
Largo Stock Performance
LGO stock traded down $0.07 during midday trading on Friday, hitting $1.53. 9,150 shares of the company traded hands, compared to its average volume of 125,496. Largo has a twelve month low of $1.12 and a twelve month high of $2.84. 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 business has a 50 day simple moving average of $1.65 and a 200-day simple moving average of $1.85. The stock has a market capitalization of $98.09 million, a price-to-earnings ratio of -1.91 and a beta of 1.63.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC bought a new position in Largo in the fourth quarter worth $39,000. Millennium Management LLC bought a new position in shares of Largo during the fourth quarter valued at $74,000. Finally, Sprott Inc. lifted its holdings in shares of Largo by 156.8% during the fourth quarter. Sprott Inc. now owns 1,016,809 shares of the company's stock valued at $1,749,000 after acquiring an additional 620,909 shares during the period. 64.08% of the stock is owned by institutional investors.
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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