Lithium Americas (TSE:LAC) Share Price Passes Below 200-Day Moving Average of $9.26

Lithium Americas Corp. (TSE:LAC - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$9.26 and traded as low as C$9.19. Lithium Americas shares last traded at C$9.82, with a volume of 602,597 shares changing hands.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their price objective on Lithium Americas from C$10.00 to C$7.50 and set a "neutral" rating on the stock in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Lithium Americas currently has a consensus rating of "Hold" and an average price target of C$22.75.

Lithium Americas Stock Performance

The company has a market capitalization of C$1.62 billion, a price-to-earnings ratio of -333.67 and a beta of 1.58. The stock has a 50-day moving average price of C$7.49 and a 200-day moving average price of C$9.26. The company has a debt-to-equity ratio of 0.97, a current ratio of 8.38 and a quick ratio of 52.06.

Lithium Americas (TSE:LAC - Get Free Report) last announced its quarterly earnings data on Friday, March 15th. The company reported C($0.11) earnings per share for the quarter, missing the consensus estimate of C($0.04) by C($0.07). As a group, analysts forecast that Lithium Americas Corp. will post 1.3803828 earnings per share for the current year.

Insider Buying and Selling at Lithium Americas

In other Lithium Americas news, Director Juan Diego Lopez Casanello acquired 10,000 shares of the company's stock in a transaction dated Friday, January 19th. The shares were bought at an average cost of C$4.54 per share, with a total value of C$45,400.00. Corporate insiders own 0.38% of the company's stock.

Lithium Americas Company Profile

Lithium Americas Corp. engages in the exploration and development of lithium properties in the United States and Canada. It holds a 100% interest in the Thacker Pass project located in northern Nevada, as well as investments in exploration properties in the United States and Canada. Lithium Americas Corp.