Sigma Lithium (NASDAQ:SGML) Reaches New 52-Week Low – Should You Sell?

Sigma Lithium Co. (NASDAQ:SGML)’s share price hit a new 52-week low on Friday . The company traded as low as $6.57 and last traded at $6.72, with a volume of 308555 shares trading hands. The stock had previously closed at $6.91.

Sigma Lithium Price Performance

The stock has a market capitalization of $732.22 million, a PE ratio of -13.71 and a beta of 0.30. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.72 and a current ratio of 0.84. The stock’s 50 day moving average is $8.89 and its two-hundred day moving average is $10.97.

Sigma Lithium (NASDAQ:SGML) last announced its quarterly earnings results on Monday, March 31st. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.14). The firm had revenue of $46.70 million for the quarter, compared to analyst estimates of $71.77 million. Sigma Lithium had a negative return on equity of 38.04% and a negative net margin of 36.85%. On average, equities analysts anticipate that Sigma Lithium Co. will post -0.12 EPS for the current fiscal year.

Institutional Trading of Sigma Lithium

A number of hedge funds and other institutional investors have recently made changes to their positions in SGML. Handelsbanken Fonder AB acquired a new stake in shares of Sigma Lithium during the 4th quarter worth approximately $160,000. Bank of New York Mellon Corp acquired a new stake in shares of Sigma Lithium during the 4th quarter worth approximately $728,000. U S Global Investors Inc. increased its holdings in shares of 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 buying an additional 7,000 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its holdings in Sigma Lithium by 203.6% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,183,675 shares of the company’s stock valued at $24,501,000 after purchasing an additional 1,464,475 shares during the last quarter. Finally, American Century Companies Inc. acquired a new stake in Sigma Lithium in the 4th quarter valued at approximately $408,000. Institutional investors and hedge funds own 64.86% of the company’s stock.

About Sigma Lithium

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.