Sigma Lithium Co. (NASDAQ:SGML - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $5.23 and last traded at $5.32, with a volume of 206725 shares changing hands. The stock had previously closed at $5.49.
Sigma Lithium Stock Down 4.4%
The firm has a market cap of $584.22 million, a PE ratio of -10.94 and a beta of 0.30. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.72 and a current ratio of 0.84. The company's 50-day simple moving average is $8.58 and its two-hundred day simple moving average is $10.82.
Sigma Lithium (NASDAQ:SGML - Get Free Report) last issued its quarterly earnings data on Monday, March 31st. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.14). The firm had revenue of $46.70 million for the quarter, compared to the consensus estimate of $71.77 million. Sigma Lithium had a negative net margin of 36.85% and a negative return on equity of 38.04%. On average, analysts predict that Sigma Lithium Co. will post -0.12 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Sigma Lithium
A number of large investors have recently made changes to their positions in SGML. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of Sigma Lithium by 203.6% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,183,675 shares of the company's stock valued at $24,501,000 after acquiring an additional 1,464,475 shares in the last quarter. Norges Bank purchased a new position in Sigma Lithium during the 4th quarter valued at $28,050,000. Lighthouse Investment Partners LLC raised its holdings in Sigma Lithium by 78.7% in the 4th quarter. Lighthouse Investment Partners LLC now owns 247,576 shares of the company's stock worth $2,778,000 after purchasing an additional 109,064 shares in the last quarter. Sourcerock Group LLC raised its holdings in Sigma Lithium by 46.0% in the 4th quarter. Sourcerock Group LLC now owns 1,387,222 shares of the company's stock worth $15,565,000 after purchasing an additional 437,010 shares in the last quarter. Finally, American Century Companies Inc. purchased a new stake in shares of Sigma Lithium in the 4th quarter worth about $408,000. 64.86% of the stock is currently owned by institutional investors.
About Sigma Lithium
(
Get Free Report)
Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds a 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 29 mineral rights covering an area of approximately 185 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil.
Further Reading
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