Sigma Lithium (NASDAQ:SGML) Stock Price Down 3.5% - Should You Sell?

Shares of Sigma Lithium Corporation (NASDAQ:SGML - Get Free Report) were down 3.5% during mid-day trading on Wednesday . The company traded as low as $5.51 and last traded at $5.44. Approximately 219,542 shares were traded during trading, a decline of 76% from the average daily volume of 922,041 shares. The stock had previously closed at $5.64.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Sigma Lithium from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd.

Sigma Lithium Trading Up 3.9%

The company's 50 day simple moving average is $5.64 and its two-hundred day simple moving average is $8.88. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.67 and a current ratio of 0.85.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SGML. GAMMA Investing LLC bought a new stake in shares of Sigma Lithium in the first quarter valued at about $139,000. Aquatic Capital Management LLC acquired a new stake in Sigma Lithium in the 4th quarter valued at approximately $27,000. Teacher Retirement System of Texas bought a new stake in Sigma Lithium in the 1st quarter valued at approximately $109,000. Pictet Asset Management Holding SA acquired a new position in Sigma Lithium during the 4th quarter worth approximately $142,000. Finally, Squarepoint Ops LLC bought a new position in shares of Sigma Lithium during the 4th quarter worth approximately $150,000. Institutional investors own 64.86% of the company's stock.

About Sigma Lithium

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.