Largo (NYSE:LGO) Stock Rating Reaffirmed by HC Wainwright

Largo (NYSE:LGO)‘s stock had its “buy” rating restated by equities researchers at HC Wainwright in a research note issued on Tuesday, Benzinga reports. They presently have a $4.40 price objective on the stock. HC Wainwright’s target price would suggest a potential upside of 122.22% from the company’s previous close.

Largo Stock Down 1.5 %

Largo stock opened at $1.98 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.13 and a quick ratio of 1.23. Largo has a 1-year low of $1.38 and a 1-year high of $2.70. The company has a market cap of $126.86 million, a PE ratio of -2.87 and a beta of 1.80. The stock’s 50 day moving average price is $1.87 and its 200 day moving average price is $1.83.

Largo (NYSE:LGO) last posted its earnings results on Thursday, August 8th. The company reported ($0.23) EPS for the quarter. The firm had revenue of $28.56 million for the quarter. Largo had a negative return on equity of 21.87% and a negative net margin of 33.12%. On average, sell-side analysts predict that Largo will post -0.44 EPS for the current fiscal year.

Institutional Trading of Largo

An institutional investor recently raised its position in Largo stock. Renaissance Technologies LLC grew its stake in Largo Inc. (NYSE:LGO) by 19.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,900 shares of the company’s stock after acquiring an additional 7,300 shares during the quarter. Renaissance Technologies LLC owned about 0.07% of Largo worth $81,000 at the end of the most recent quarter. 64.08% of the stock is owned by hedge funds and other institutional investors.

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.