Largo Inc. (NYSE:LGO - Get Free Report) was down 3.7% on Monday . The stock traded as low as $1.30 and last traded at $1.31. Approximately 135,255 shares were traded during trading, an increase of 7% from the average daily volume of 126,042 shares. The stock had previously closed at $1.36.
Analyst Ratings Changes
Separately, HC Wainwright lowered their target price on Largo from $3.90 to $3.70 and set a "buy" rating for the company in a report on Friday, May 16th.
View Our Latest Stock Report on Largo
Largo Stock Down 2.3%
The stock's fifty day simple moving average is $1.42 and its two-hundred day simple moving average is $1.68. The stock has a market capitalization of $81.44 million, a P/E ratio of -1.59 and a beta of 1.51. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.67.
Institutional Investors Weigh In On Largo
A number of institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in shares of Largo during the fourth quarter worth about $39,000. Millennium Management LLC bought a new position in Largo during the 4th quarter worth approximately $74,000. Baader Bank Aktiengesellschaft acquired a new position in shares of Largo in the 1st quarter worth approximately $77,000. Russell Investments Group Ltd. lifted its position in shares of Largo by 75.9% in the 1st quarter. Russell Investments Group Ltd. now owns 288,860 shares of the company's stock worth $466,000 after purchasing an additional 124,604 shares during the period. Finally, Sprott Inc. boosted its stake in shares of Largo by 5.4% in the 1st quarter. Sprott Inc. now owns 1,072,056 shares of the company's stock valued at $1,726,000 after purchasing an additional 55,247 shares during the last quarter. Institutional investors own 64.08% of the company's stock.
Largo Company Profile
(
Get Free Report)
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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