Sigma Lithium (NASDAQ:SGML) Trading Down 6.5% - Here's Why

Sigma Lithium Co. (NASDAQ:SGML - Get Free Report)'s stock price fell 6.5% during trading on Tuesday . The company traded as low as $5.70 and last traded at $5.52. 112,428 shares were traded during trading, a decline of 86% from the average session volume of 792,272 shares. The stock had previously closed at $5.90.

Analyst Upgrades and Downgrades

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

Sigma Lithium Trading Down 5.3%

The business's 50 day moving average price is $7.83 and its 200-day moving average price is $10.50. The company has a current ratio of 0.84, a quick ratio of 0.72 and a debt-to-equity ratio of 0.02. The company has a market cap of $557.51 million, a price-to-earnings ratio of -10.44 and a beta of 0.30.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last issued its earnings results 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 during the quarter, compared to analyst estimates 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, equities analysts anticipate that Sigma Lithium Co. will post -0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Sigma Lithium

A number of institutional investors have recently added to or reduced their stakes in the business. Aquatic Capital Management LLC bought a new stake in shares of Sigma Lithium in the 4th quarter valued at $27,000. Teacher Retirement System of Texas bought a new stake in shares of Sigma Lithium in the 1st quarter valued at $109,000. U S Global Investors Inc. boosted its stake in shares of Sigma Lithium by 233.3% in the 4th quarter. U S Global Investors Inc. now owns 10,000 shares of the company's stock valued at $112,000 after purchasing an additional 7,000 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Sigma Lithium in the 1st quarter valued at $139,000. Finally, Pictet Asset Management Holding SA bought a new stake in shares of Sigma Lithium in the 4th quarter valued at $142,000. 64.86% of the stock is owned by institutional investors.

Sigma Lithium Company Profile

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.