Herr Investment Group LLC acquired a new stake in Largo Inc. (NYSE:LGO – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 200,025 shares of the company’s stock, valued at approximately $370,000. Herr Investment Group LLC owned about 0.31% of Largo as of its most recent SEC filing.
Separately, Russell Investments Group Ltd. raised its holdings in shares of Largo by 32.8% during the fourth quarter. Russell Investments Group Ltd. now owns 90,890 shares of the company’s stock valued at $210,000 after buying an additional 22,437 shares during the last quarter. 64.08% of the stock is owned by institutional investors.
Largo Trading Down 1.8 %
NYSE:LGO opened at $1.65 on Friday. Largo Inc. has a 1 year low of $1.38 and a 1 year high of $3.08. The business has a fifty day moving average of $1.89 and a 200-day moving average of $1.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.23 and a current ratio of 2.13. The stock has a market cap of $105.72 million, a price-to-earnings ratio of -2.45 and a beta of 1.79.
Analysts Set New Price Targets
Separately, HC Wainwright reduced their price objective on Largo from $4.70 to $4.40 and set a “buy” rating for the company in a research report on Tuesday, August 13th.
Largo 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.
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