Largo (NYSE:LGO – Get Free Report) had its target price cut by investment analysts at HC Wainwright from $4.20 to $3.70 in a report released on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. HC Wainwright’s price objective suggests a potential upside of 98.92% from the company’s current price.
Largo Trading Up 1.1 %
NYSE:LGO opened at $1.86 on Wednesday. Largo has a 1-year low of $1.38 and a 1-year high of $2.84. The business’s 50-day moving average price is $1.83 and its two-hundred day moving average price is $1.93. The company has a current ratio of 1.67, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $119.24 million, a price-to-earnings ratio of -2.33 and a beta of 1.70.
Largo (NYSE:LGO – Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.07). The business had revenue of $29.91 million for the quarter. Largo had a negative return on equity of 22.61% and a negative net margin of 35.10%. During the same quarter in the prior year, the company posted ($0.19) earnings per share. On average, equities analysts expect that Largo will post -0.57 earnings per share for the current year.
Institutional Investors Weigh In On Largo
About 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.
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