Sigma Lithium (NASDAQ:SGML – Get Free Report) posted its quarterly earnings data on Monday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.12), Zacks reports. Sigma Lithium had a negative return on equity of 38.04% and a negative net margin of 36.85%.
Sigma Lithium Stock Down 9.6 %
Shares of SGML stock opened at $10.40 on Tuesday. Sigma Lithium has a one year low of $8.47 and a one year high of $19.20. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.72. The stock has a fifty day moving average price of $11.32 and a 200 day moving average price of $12.24. The stock has a market cap of $1.16 billion, a P/E ratio of -21.67 and a beta of 0.21.
Analyst Upgrades and Downgrades
Separately, Bank of America lowered their price target on Sigma Lithium from $25.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th.
About Sigma Lithium
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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