Largo (NYSE:LGO) PT Lowered to $4.40

Largo (NYSE:LGO) had its price objective lowered by stock analysts at HC Wainwright from $4.70 to $4.40 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright’s price target would indicate a potential upside of 175.00% from the stock’s current price.

Largo Stock Down 7.0 %

Shares of LGO opened at $1.60 on Tuesday. Largo has a 12 month low of $1.38 and a 12 month high of $3.76. The firm’s 50 day moving average is $1.91 and its 200-day moving average is $1.82. The stock has a market capitalization of $102.52 million, a PE ratio of -2.32 and a beta of 1.80. The company has a current ratio of 2.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.30.

Largo (NYSE:LGO) last announced its quarterly earnings data on Wednesday, May 15th. The company reported ($0.20) earnings per share (EPS) for the quarter. The firm had revenue of $42.19 million during the quarter. Largo had a negative net margin of 24.05% and a negative return on equity of 17.01%. Equities research analysts forecast that Largo will post -0.22 EPS for the current year.

Institutional Trading of Largo

A number of hedge funds have recently added to or reduced their stakes in the stock. Herr Investment Group LLC acquired a new stake in Largo in the second quarter valued at approximately $370,000. Renaissance Technologies LLC boosted its position in Largo by 19.9% in the second quarter. Renaissance Technologies LLC now owns 43,900 shares of the company’s stock valued at $81,000 after buying an additional 7,300 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Largo by 32.8% in the fourth quarter. Russell Investments Group Ltd. now owns 90,890 shares of the company’s stock valued at $210,000 after buying an additional 22,437 shares in the last quarter. Institutional investors and hedge funds own 64.08% of the company’s stock.

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.