Raymond James Financial upgraded shares of Standard Lithium (NYSEAMERICAN:SLI - Free Report) to a moderate buy rating in a report released on Thursday, MarketBeat Ratings reports.
Standard Lithium Stock Performance
NYSEAMERICAN SLI traded down $0.02 on Thursday, reaching $2.76. The company had a trading volume of 3,210,810 shares, compared to its average volume of 1,900,257. The firm has a market capitalization of $535.27 million, a price-to-earnings ratio of -12.55 and a beta of 1.67. Standard Lithium has a 1-year low of $1.07 and a 1-year high of $2.95. The company's fifty day moving average is $1.83 and its 200-day moving average is $1.58.
Hedge Funds Weigh In On Standard Lithium
Large investors have recently modified their holdings of the business. Koch Inc. bought a new stake in shares of Standard Lithium in the 4th quarter valued at about $19,681,000. Tidal Investments LLC raised its holdings in shares of Standard Lithium by 303.0% in the 4th quarter. Tidal Investments LLC now owns 251,666 shares of the company's stock valued at $367,000 after purchasing an additional 189,213 shares during the period. Compagnie Lombard Odier SCmA raised its holdings in shares of Standard Lithium by 50.0% in the 1st quarter. Compagnie Lombard Odier SCmA now owns 450,000 shares of the company's stock valued at $574,000 after purchasing an additional 150,000 shares during the period. Lighthouse Investment Partners LLC bought a new stake in shares of Standard Lithium in the 4th quarter valued at about $292,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Standard Lithium by 7.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 117,757 shares of the company's stock valued at $150,000 after purchasing an additional 8,340 shares during the period. 16.77% of the stock is currently owned by institutional investors and hedge funds.
About Standard Lithium
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Standard Lithium Ltd. explores for, develops, and processes lithium brine properties in the United States. Its flagship project is the Lanxess project with area of approximately 150,000 acres located in southern Arkansas. The company was formerly known as Patriot Petroleum Corp. and changed its name to Standard Lithium Ltd.
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