Largo (TSE:LGO) Shares Down 2.7%

Largo Inc. (TSE:LGO – Get Free Report) dropped 2.7% on Wednesday . The company traded as low as C$4.24 and last traded at C$4.27. Approximately 22,284 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 65,903 shares. The stock had previously closed at C$4.39.

Largo Stock Down 2.7 %

The company has a market cap of C$273.49 million, a PE ratio of -8.37, a P/E/G ratio of -0.76 and a beta of 1.81. The business has a 50-day simple moving average of C$5.26 and a 200-day simple moving average of C$6.00. The company has a quick ratio of 1.52, a current ratio of 2.80 and a debt-to-equity ratio of 23.72.

Largo (TSE:LGO – Get Free Report) last released its quarterly earnings results on Wednesday, August 9th. The company reported C($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.30) by C$0.18. The firm had revenue of C$71.34 million for the quarter, compared to analysts’ expectations of C$59.47 million. Largo had a negative net margin of 11.65% and a negative return on equity of 8.88%. Equities research analysts anticipate that Largo Inc. will post 0.5721584 EPS for the current year.