Wealth Enhancement Advisory Services LLC Acquires Shares of 44,350 Sigma Lithium Co. (NASDAQ:SGML)

Wealth Enhancement Advisory Services LLC bought a new position in shares of Sigma Lithium Co. (NASDAQ:SGML) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 44,350 shares of the company’s stock, valued at approximately $498,000.

Several other large investors have also recently modified their holdings of the business. Aquatic Capital Management LLC purchased a new position in shares of Sigma Lithium during the 4th quarter valued at $27,000. U S Global Investors Inc. boosted its stake in Sigma Lithium by 233.3% during the fourth quarter. U S Global Investors Inc. now owns 10,000 shares of the company’s stock valued at $112,000 after buying an additional 7,000 shares during the period. Pictet Asset Management Holding SA purchased a new position in Sigma Lithium during the fourth quarter worth about $142,000. Squarepoint Ops LLC purchased a new position in Sigma Lithium during the fourth quarter worth about $150,000. Finally, Handelsbanken Fonder AB bought a new position in Sigma Lithium in the 4th quarter worth about $160,000. Hedge funds and other institutional investors own 64.86% of the company’s stock.

Sigma Lithium Price Performance

Shares of SGML opened at $5.13 on Friday. Sigma Lithium Co. has a fifty-two week low of $4.52 and a fifty-two week high of $15.56. The firm’s 50-day simple moving average is $6.83 and its two-hundred day simple moving average is $9.90. The stock has a market cap of $570.88 million, a PE ratio of -10.69 and a beta of 0.07. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.72 and a current ratio of 0.84.

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Sigma Lithium from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd.

Sigma Lithium Company Profile

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.