Largo Inc. (NYSE:LGO - Get Free Report)'s stock price was down 10.7% on Monday . The company traded as low as $1.58 and last traded at $1.59. Approximately 652,062 shares traded hands during trading, an increase of 385% from the average daily volume of 134,556 shares. The stock had previously closed at $1.78.
Wall Street Analyst Weigh In
Separately, HC Wainwright restated a "buy" rating and set a $3.70 target price on shares of Largo in a report on Monday, June 30th.
View Our Latest Stock Analysis on LGO
Largo Trading Up 0.6%
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 firm has a market cap of $103.25 million, a PE ratio of -2.01 and a beta of 1.50. The company's 50-day moving average is $1.35 and its 200 day moving average is $1.57.
Institutional Investors Weigh In On Largo
Several hedge funds have recently made changes to their positions in LGO. Virtu Financial LLC purchased a new stake in Largo in the 4th quarter worth approximately $39,000. Millennium Management LLC purchased a new stake in Largo in the 4th quarter worth approximately $74,000. Baader Bank Aktiengesellschaft purchased a new stake in Largo in the 1st quarter worth approximately $77,000. Russell Investments Group Ltd. lifted its position in 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 buying an additional 124,604 shares in the last quarter. Finally, Sprott Inc. raised its holdings in shares of Largo by 5.4% during 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 in the last quarter. Hedge funds and other 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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