Sigma Lithium (NASDAQ:SGML) Trading Up 7.2% - Time to Buy?

Sigma Lithium Corporation (NASDAQ:SGML - Get Free Report) traded up 7.2% during mid-day trading on Thursday . The company traded as high as $4.50 and last traded at $4.59. 138,243 shares were traded during trading, a decline of 85% from the average session volume of 952,038 shares. The stock had previously closed at $4.28.

Wall Street Analyst Weigh In

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.

Sigma Lithium Price Performance

The stock has a market capitalization of $518.56 million, a P/E ratio of -12.59 and a beta of 0.07. 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 fifty day moving average price of $6.21 and a two-hundred day moving average price of $9.33.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last posted its quarterly earnings data on Monday, March 31st. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.14). The firm had revenue of $46.70 million for the quarter, compared to analysts' expectations of $71.77 million. Sigma Lithium had a negative net margin of 24.36% and a negative return on equity of 35.85%. As a group, analysts expect that Sigma Lithium Corporation will post -0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Sigma Lithium

Institutional investors have recently made changes to their positions in the business. Aquatic Capital Management LLC bought a new position in Sigma Lithium in the fourth quarter worth approximately $27,000. Teacher Retirement System of Texas purchased a new stake in shares of Sigma Lithium in the 1st quarter worth $109,000. U S Global Investors Inc. raised its holdings in Sigma Lithium by 233.3% in 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 period. GAMMA Investing LLC purchased a new position in Sigma Lithium during the first quarter valued at $139,000. Finally, Pictet Asset Management Holding SA bought a new stake in Sigma Lithium during the fourth quarter valued at about $142,000. Institutional investors own 64.86% of the company's stock.

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.