Largo Inc. (NYSE:LGO - Get Free Report) traded down 0.6% during trading on Thursday . The stock traded as low as $1.55 and last traded at $1.63. 91,878 shares were traded during mid-day trading, a decline of 27% from the average session volume of 126,361 shares. The stock had previously closed at $1.64.
Analysts Set New Price Targets
Separately, HC Wainwright reiterated a "buy" rating and issued a $3.90 price objective on shares of Largo in a report on Friday, April 25th.
Get Our Latest Analysis on Largo
Largo Stock Down 2.8 %
The stock has a market capitalization of $99.37 million, a price-to-earnings ratio of -1.94 and a beta of 1.63. The firm has a 50-day moving average of $1.64 and a 200 day moving average of $1.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.67 and a quick ratio of 0.81.
Hedge Funds Weigh In On Largo
Institutional investors have recently added to or reduced their stakes in the company. Sprott Inc. grew its position in shares of Largo by 156.8% in the 4th 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. Millennium Management LLC acquired a new position in Largo during the fourth quarter worth approximately $74,000. Finally, Virtu Financial LLC bought a new stake in Largo in the fourth quarter valued at approximately $39,000. 64.08% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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