Sigma Lithium (NASDAQ:SGML) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sigma Lithium (NASDAQ:SGML) from a sell rating to a hold rating in a research report report published on Thursday morning.

Sigma Lithium Stock Performance

Sigma Lithium stock opened at $5.90 on Thursday. The company has a market cap of $656.55 million, a PE ratio of -12.29 and a beta of 0.30. Sigma Lithium has a twelve month low of $5.23 and a twelve month high of $17.30. The company’s 50-day moving average price is $8.33 and its 200-day moving average price is $10.70. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.02.

Sigma Lithium (NASDAQ:SGML) last issued its quarterly earnings results on Monday, March 31st. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.14). The firm had revenue of $46.70 million for the quarter, compared to the consensus estimate of $71.77 million. Sigma Lithium had a negative net margin of 36.85% and a negative return on equity of 38.04%. On average, equities research analysts forecast that Sigma Lithium will post -0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Sigma Lithium

Several hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in Sigma Lithium during the 1st quarter valued at about $139,000. Alliancebernstein L.P. boosted its position in Sigma Lithium by 10.9% in the 4th quarter. Alliancebernstein L.P. now owns 17,390 shares of the company’s stock valued at $195,000 after buying an additional 1,710 shares during the period. Aquatic Capital Management LLC purchased a new stake in Sigma Lithium in the 4th quarter valued at about $27,000. CenterBook Partners LP boosted its position in Sigma Lithium by 3.0% in the 1st quarter. CenterBook Partners LP now owns 157,982 shares of the company’s stock valued at $1,643,000 after buying an additional 4,530 shares during the period. Finally, U S Global Investors Inc. boosted its position in Sigma Lithium by 233.3% in the 4th quarter. U S Global Investors Inc. now owns 10,000 shares of the company’s stock valued at $112,000 after buying an additional 7,000 shares during the period. 64.86% of the stock is currently owned by institutional investors.

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.