Lithium Americas (TSE:LAC) Stock Crosses Below 200-Day Moving Average - Time to Sell?

Lithium Americas Corp. (TSE:LAC - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.51 and traded as low as C$3.92. Lithium Americas shares last traded at C$4.02, with a volume of 281,984 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LAC shares. Evercore ISI raised shares of Lithium Americas to a "strong-buy" rating in a report on Thursday, April 17th. National Bankshares increased their price objective on shares of Lithium Americas from C$7.25 to C$7.50 and gave the company an "outperform" rating in a research note on Friday, January 10th. Finally, Cormark raised shares of Lithium Americas to a "moderate buy" rating in a research note on Friday, January 17th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of C$7.50.

Lithium Americas Stock Performance

The company's 50-day simple moving average is C$3.95 and its 200-day simple moving average is C$4.52. The stock has a market capitalization of C$629.87 million, a price-to-earnings ratio of -21.65 and a beta of 1.58. The company has a current ratio of 13.88, a quick ratio of 52.06 and a debt-to-equity ratio of 0.65.

Lithium Americas Company Profile

Lithium Americas Corp. engages in the exploration and development of lithium properties in the United States and Canada. It holds a 100% interest in the Thacker Pass project located in northern Nevada, as well as investments in exploration properties in the United States and Canada. Lithium Americas Corp.