Largo Inc. (NYSE:LGO - Get Free Report) traded up 2.4% during trading on Tuesday . The company traded as high as $2.64 and last traded at $2.52. 2,397,484 shares traded hands during trading, an increase of 1,015% from the average session volume of 214,935 shares. The stock had previously closed at $2.46.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reissued a "buy" rating and set a $3.70 price objective on shares of Largo in a report on Monday, June 30th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $3.70.
Read Our Latest Stock Report on LGO
Largo Price Performance
The company has a current ratio of 1.67, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The company has a market cap of $161.62 million, a price-to-earnings ratio of -3.15 and a beta of 1.52. The company has a fifty day moving average price of $1.62 and a two-hundred day moving average price of $1.48.
Hedge Funds Weigh In On Largo
Several hedge funds and other institutional investors have recently modified their holdings of LGO. Baader Bank Aktiengesellschaft bought a new position in shares of Largo during the 1st quarter worth approximately $77,000. Russell Investments Group Ltd. lifted its position in shares of Largo by 75.9% during the 1st quarter. Russell Investments Group Ltd. now owns 288,860 shares of the company's stock worth $466,000 after buying an additional 124,604 shares during the period. Sprott Inc. lifted its position in shares of Largo by 5.4% during the 1st quarter. Sprott Inc. now owns 1,072,056 shares of the company's stock worth $1,726,000 after buying an additional 55,247 shares during the period. XTX Topco Ltd bought a new position in shares of Largo during the 2nd quarter worth approximately $46,000. Finally, Banco BTG Pactual S.A. bought a new position in shares of Largo during the 2nd quarter worth approximately $61,000. Institutional investors own 64.08% of the company's stock.
About Largo
(
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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