Largo (NYSE:LGO) Stock Price Down 0.7%

Shares of Largo Inc. (NYSE:LGO) fell 0.7% on Tuesday . The company traded as low as $1.38 and last traded at $1.42. 48,140 shares traded hands during trading, a decline of 32% from the average session volume of 71,113 shares. The stock had previously closed at $1.43.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lowered their target price on Largo from $9.00 to $4.60 and set a “buy” rating for the company in a research note on Monday, March 25th.

Largo Trading Down 0.7 %

The company has a market capitalization of $90.95 million, a P/E ratio of -2.78 and a beta of 1.74. The business has a fifty day moving average price of $1.75 and a 200 day moving average price of $2.10. The company has a quick ratio of 1.78, a current ratio of 3.23 and a debt-to-equity ratio of 0.30.

Largo (NYSE:LGO) last released its earnings results on Thursday, March 21st. The company reported ($0.21) earnings per share (EPS) for the quarter. The company had revenue of $44.17 million during the quarter. Largo had a negative net margin of 16.29% and a negative return on equity of 12.02%. On average, analysts expect that Largo Inc. will post -0.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Largo

Several institutional investors have recently made changes to their positions in LGO. Russell Investments Group Ltd. increased its holdings in shares of Largo by 32.8% during the fourth quarter. Russell Investments Group Ltd. now owns 90,890 shares of the company’s stock worth $210,000 after buying an additional 22,437 shares in the last quarter. Sprott Inc. acquired a new stake in Largo during the 3rd quarter worth about $59,000. Toronto Dominion Bank bought a new position in shares of Largo during the 3rd quarter worth about $36,000. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Largo during the 3rd quarter worth about $99,000. Finally, Credit Suisse AG lifted its position in Largo by 119.5% in the 2nd quarter. Credit Suisse AG now owns 127,195 shares of the company’s stock valued at $543,000 after acquiring an additional 69,240 shares in the last quarter. 64.08% of the stock is currently owned by institutional investors.

Largo Company Profile

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.