Sigma Lithium (NASDAQ:SGML – Get Free Report) announced its quarterly earnings data on Monday. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.12), Zacks reports. Sigma Lithium had a negative net margin of 36.85% and a negative return on equity of 38.04%.
Sigma Lithium Stock Performance
Shares of SGML opened at $11.50 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. Sigma Lithium has a 52-week low of $8.47 and a 52-week high of $19.20. The company has a 50-day simple moving average of $11.35 and a 200-day simple moving average of $12.24. The company has a market capitalization of $1.28 billion, a PE ratio of -23.96 and a beta of 0.21.
Analyst Upgrades and Downgrades
Separately, Bank of America cut their target price on Sigma Lithium from $25.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th.
Sigma Lithium Company Profile
Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds a 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 29 mineral rights covering an area of approximately 185 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil.
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