Sigma Lithium (NASDAQ:SGML – Get Free Report) announced its earnings results on Monday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Trading Down 9.6 %
Sigma Lithium stock opened at $10.40 on Tuesday. Sigma Lithium has a 52 week low of $8.47 and a 52 week high of $19.20. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.72 and a current ratio of 0.84. The firm has a market capitalization of $1.16 billion, a PE ratio of -21.67 and a beta of 0.21. The business’s 50-day simple moving average is $11.32 and its 200-day simple moving average is $12.24.
Wall Street Analysts Forecast Growth
Separately, Bank of America reduced their price objective on shares of Sigma Lithium from $25.00 to $16.00 and set a “buy” rating for the company 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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