Largo’s (LGO) Buy Rating Reiterated at HC Wainwright

HC Wainwright reissued their buy rating on shares of Largo (NYSE:LGO) in a report released on Tuesday morning, Benzinga reports. HC Wainwright currently has a $4.40 price objective on the stock.

Largo Trading Up 1.2 %

Shares of LGO stock opened at $1.91 on Tuesday. The company has a market capitalization of $122.38 million, a price-to-earnings ratio of -2.77 and a beta of 1.80. The company has a current ratio of 2.13, a quick ratio of 1.23 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $1.88 and a 200 day moving average price of $1.84. Largo has a twelve month low of $1.38 and a twelve month high of $2.63.

Largo (NYSE:LGO) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.23) earnings per share for the quarter. Largo had a negative net margin of 33.12% and a negative return on equity of 21.87%. The firm had revenue of $28.56 million during the quarter. Research analysts forecast that Largo will post -0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Largo

A hedge fund recently raised its stake in Largo stock. Renaissance Technologies LLC increased its holdings in shares of Largo Inc. (NYSE:LGO) by 19.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,900 shares of the company’s stock after buying an additional 7,300 shares during the quarter. Renaissance Technologies LLC owned about 0.07% of Largo worth $81,000 as of its most recent filing with the Securities and Exchange Commission. 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.