Largo (NYSE:LGO – Get Free Report) had its price objective decreased by stock analysts at HC Wainwright from $12.00 to $9.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s target price points to a potential upside of 350.00% from the stock’s previous close.
Largo Price Performance
Shares of NYSE:LGO opened at $2.00 on Friday. The company has a market cap of $128.10 million, a price-to-earnings ratio of -3.70 and a beta of 2.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.97 and a quick ratio of 1.70. The firm has a 50 day simple moving average of $2.78 and a 200 day simple moving average of $3.69. Largo has a one year low of $1.97 and a one year high of $7.06.
Largo (NYSE:LGO – Get Free Report) last announced its quarterly earnings results on Wednesday, August 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.13. Largo had a negative net margin of 17.17% and a negative return on equity of 12.66%. The firm had revenue of $53.11 million during the quarter, compared to analysts’ expectations of $44.10 million. Research analysts predict that Largo will post -0.19 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Largo
Largo Inc engages in the development and sale of vanadium-based energy storage systems in Canada. The company operates through, Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Largo Clean Energy and Largo Physical Vanadium Segments. Its products include VPURE+ vanadium flakes that are used in the production of master alloys and aerospace applications; VPURE vanadium flakes ferrovanadium and vanadium carbon nitride for the steel industry; and VPURE+ vanadium powder for catalyst applications.
- Five stocks we like better than Largo
- What is a Mid Cap Stock? How to Invest
- MarketBeat Week in Review – 11/6 – 11/10
- Best Aerospace Stocks Investing
- Data giants MongoDB and Snowflake just got upgraded
- How to Invest in Hotel Stocks
- Plug Power at tipping point; it’s make or break time for hydrogen
Receive News & Ratings for Largo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Largo and related companies with MarketBeat.com's FREE daily email newsletter.