Largo (NYSE:LGO) Given “Buy” Rating at HC Wainwright

Largo (NYSE:LGO)‘s stock had its “buy” rating restated by analysts at HC Wainwright in a report released on Friday,Benzinga reports. They currently have a $4.20 target price on the stock. HC Wainwright’s price target would suggest a potential upside of 151.50% from the company’s previous close.

Largo Trading Up 1.2 %

NYSE:LGO opened at $1.67 on Friday. The company has a market cap of $107.07 million, a P/E ratio of -2.09 and a beta of 1.66. Largo has a 1 year low of $1.38 and a 1 year high of $2.84. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.67 and a quick ratio of 0.81. The stock’s fifty day moving average price is $2.10 and its two-hundred day moving average price is $1.96.

Largo (NYSE:LGO) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.07). The company 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 last year, the business earned ($0.19) earnings per share. As a group, analysts expect that Largo will post -0.57 EPS for the current year.

Hedge Funds Weigh In On Largo

Several hedge funds have recently bought and sold shares of the company. Herr Investment Group LLC purchased a new stake in Largo in the 2nd quarter worth approximately $370,000. Renaissance Technologies LLC raised its position in shares of Largo by 19.9% in the second quarter. Renaissance Technologies LLC now owns 43,900 shares of the company’s stock worth $81,000 after buying an additional 7,300 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in Largo during the third quarter valued at $32,000. Hedge funds and other institutional investors 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.