Largo Inc. (NYSE:LGO - Get Free Report) shares traded down 10.7% during trading on Monday . The company traded as low as $1.58 and last traded at $1.59. 652,062 shares were traded during trading, an increase of 385% from the average session volume of 134,556 shares. The stock had previously closed at $1.78.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reiterated a "buy" rating and set a $3.70 target price on shares of Largo in a research report on Monday, June 30th.
Read Our Latest Report on LGO
Largo Price Performance
The company has a debt-to-equity ratio of 0.34, a current ratio of 1.67 and a quick ratio of 0.81. The company has a 50-day moving average price of $1.36 and a 200-day moving average price of $1.57. The firm has a market capitalization of $101.96 million, a PE ratio of -1.99 and a beta of 1.50.
Institutional Trading of Largo
Several institutional investors and hedge funds have recently made changes to their positions in LGO. Virtu Financial LLC acquired a new position in Largo in the fourth quarter valued at $39,000. Millennium Management LLC acquired a new position in Largo in the fourth quarter valued at $74,000. Baader Bank Aktiengesellschaft acquired a new position in Largo in the first quarter valued at $77,000. Russell Investments Group Ltd. increased its stake in Largo by 75.9% in the first quarter. Russell Investments Group Ltd. now owns 288,860 shares of the company's stock valued at $466,000 after purchasing an additional 124,604 shares during the last quarter. Finally, Sprott Inc. increased its stake in Largo by 5.4% in the first 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. 64.08% of the stock is currently owned by hedge funds and other institutional investors.
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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