Sigma Lithium (NASDAQ:SGML - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Thursday.
Sigma Lithium Price Performance
Shares of NASDAQ SGML traded down $0.25 during trading on Thursday, hitting $5.65. The company had a trading volume of 825,259 shares, compared to its average volume of 794,959. The company has a market cap of $628.73 million, a P/E ratio of -11.77 and a beta of 0.30. Sigma Lithium has a 52 week low of $5.23 and a 52 week high of $17.30. The business's 50-day moving average is $8.21 and its 200 day moving average is $10.64. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.72 and a current ratio of 0.84.
Sigma Lithium (NASDAQ:SGML - Get Free Report) last posted its quarterly earnings results on Monday, March 31st. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.14). The company had revenue of $46.70 million during the quarter, compared to the consensus estimate of $71.77 million. Sigma Lithium had a negative net margin of 36.85% and a negative return on equity of 38.04%. Equities research analysts predict that Sigma Lithium will post -0.12 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of SGML. GAMMA Investing LLC purchased a new position in Sigma Lithium during the 1st quarter worth approximately $139,000. Alliancebernstein L.P. grew its position in Sigma Lithium by 10.9% during the 4th quarter. Alliancebernstein L.P. now owns 17,390 shares of the company's stock worth $195,000 after purchasing an additional 1,710 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in Sigma Lithium during the 4th quarter worth approximately $27,000. CenterBook Partners LP grew its position in Sigma Lithium by 3.0% during the 1st quarter. CenterBook Partners LP now owns 157,982 shares of the company's stock worth $1,643,000 after purchasing an additional 4,530 shares in the last quarter. Finally, U S Global Investors Inc. grew its position 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 in the last quarter. Institutional investors own 64.86% of the company's stock.
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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