Sigma Lithium Corporation (NASDAQ:SGML - Get Free Report)'s stock price was down 4.4% during mid-day trading on Wednesday . The company traded as low as $6.76 and last traded at $6.81. Approximately 838,746 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 1,008,489 shares. The stock had previously closed at $7.12.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded shares of Sigma Lithium from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.
Get Our Latest Research Report on Sigma Lithium
Sigma Lithium Stock Down 1.4%
The business's 50 day moving average is $5.46 and its 200-day moving average is $8.46. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.67 and a current ratio of 0.85. The firm has a market capitalization of $792.31 million, a price-to-earnings ratio of -19.24 and a beta of 0.05.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC bought a new stake in Sigma Lithium in the 1st quarter valued at $139,000. Aquatic Capital Management LLC bought a new stake in Sigma Lithium in the 4th quarter valued at $27,000. Teacher Retirement System of Texas bought a new stake in Sigma Lithium in the 1st quarter valued at $109,000. Pictet Asset Management Holding SA bought a new stake in Sigma Lithium in the 4th quarter valued at $142,000. Finally, Squarepoint Ops LLC bought a new stake in Sigma Lithium in the 4th quarter valued at $150,000. 64.86% of the stock is currently owned by institutional investors and hedge funds.
Sigma Lithium Company Profile
(
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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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