Largo (LGO) to Release Earnings on Friday

Largo (NYSE:LGO) is scheduled to announce its earnings results after the market closes on Friday, May 10th.

Largo (NYSE:LGO) last issued its quarterly earnings data on Thursday, March 21st. The company reported ($0.21) earnings per share (EPS) for the quarter. The business had revenue of $44.17 million during the quarter. Largo had a negative return on equity of 12.02% and a negative net margin of 16.29%. On average, analysts expect Largo to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Largo Stock Up 2.5 %

Shares of Largo stock opened at $1.67 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.23 and a quick ratio of 1.78. Largo has a 1-year low of $1.38 and a 1-year high of $5.40. The business’s fifty day moving average price is $1.64 and its two-hundred day moving average price is $2.00. The company has a market capitalization of $106.96 million, a P/E ratio of -3.27 and a beta of 1.68.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright upped their price objective on shares of Largo from $4.60 to $4.70 and gave the stock a “buy” rating in a report on Wednesday.

About Largo

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.