Sigma Lithium Corporation (NASDAQ:SGML - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $4.25 and last traded at $4.28, with a volume of 2300085 shares. The stock had previously closed at $4.55.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded Sigma Lithium from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.
Get Our Latest Research Report on SGML
Sigma Lithium Price Performance
The company has a current ratio of 0.85, a quick ratio of 0.67 and a debt-to-equity ratio of 1.08. The company has a 50 day moving average price of $6.16 and a 200 day moving average price of $9.26. The company has a market capitalization of $514.11 million, a P/E ratio of -12.49 and a beta of 0.07.
Sigma Lithium (NASDAQ:SGML - Get Free Report) last released its quarterly earnings results on Monday, March 31st. The company reported ($0.08) earnings per share 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 analyst estimates of $71.77 million. Sigma Lithium had a negative return on equity of 35.85% and a negative net margin of 24.36%. On average, equities analysts predict that Sigma Lithium Corporation will post -0.12 EPS for the current fiscal year.
Institutional Trading of Sigma Lithium
Hedge funds have recently added to or reduced their stakes in the company. Aquatic Capital Management LLC acquired a new stake in Sigma Lithium during the 4th quarter worth approximately $27,000. Teacher Retirement System of Texas acquired a new stake in Sigma Lithium during the 1st quarter worth approximately $109,000. U S Global Investors Inc. lifted its holdings in Sigma Lithium by 233.3% during the 4th quarter. U S Global Investors Inc. now owns 10,000 shares of the company's stock worth $112,000 after purchasing an additional 7,000 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Sigma Lithium during the 1st quarter worth approximately $139,000. Finally, Pictet Asset Management Holding SA acquired a new stake in Sigma Lithium during the 4th quarter worth approximately $142,000. 64.86% of the stock is owned by institutional investors and hedge funds.
About Sigma Lithium
(
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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.
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