Piedmont Lithium (NASDAQ:PLL) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Piedmont Lithium Inc. - Sponsored ADR (NASDAQ:PLL - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.28 and traded as high as $7.50. Piedmont Lithium shares last traded at $7.26, with a volume of 1,330,791 shares traded.

Piedmont Lithium Trading Down 4.3%

The firm has a 50 day simple moving average of $6.41 and a 200 day simple moving average of $7.28. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $152.55 million, a PE ratio of -2.47 and a beta of 0.27.

Piedmont Lithium (NASDAQ:PLL - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The mineral exploration company reported ($0.71) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.21). Piedmont Lithium had a negative net margin of 53.33% and a negative return on equity of 19.46%. The business had revenue of $20.00 million for the quarter, compared to analysts' expectations of $36.34 million. Equities analysts expect that Piedmont Lithium Inc. - Sponsored ADR will post -0.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Piedmont Lithium

Several large investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Piedmont Lithium by 16.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,739 shares of the mineral exploration company's stock valued at $111,000 after buying an additional 1,782 shares during the period. Point72 Asset Management L.P. lifted its holdings in shares of Piedmont Lithium by 187.8% during the 4th quarter. Point72 Asset Management L.P. now owns 300,000 shares of the mineral exploration company's stock valued at $2,622,000 after buying an additional 195,756 shares during the period. Two Sigma Investments LP lifted its holdings in shares of Piedmont Lithium by 108.1% during the 4th quarter. Two Sigma Investments LP now owns 25,027 shares of the mineral exploration company's stock valued at $219,000 after buying an additional 13,000 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Piedmont Lithium in the 4th quarter worth $483,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Piedmont Lithium by 2.7% in the 4th quarter. Bank of New York Mellon Corp now owns 70,082 shares of the mineral exploration company's stock worth $613,000 after purchasing an additional 1,855 shares in the last quarter. 52.23% of the stock is currently owned by institutional investors.

About Piedmont Lithium

Piedmont Lithium Inc, a development stage company, engages in the exploration and development of resource projects in the United States. The company primarily holds a 100% interest in the Carolina Lithium Project that include an area of approximately 3,706 acres located within the Carolina Tin-Spodumene Belt situated to the northwest of Charlotte, North Carolina in the United States.