Sigma Lithium (NASDAQ:SGML) Shares Down 3.4% – Time to Sell?

Sigma Lithium Co. (NASDAQ:SGML)’s stock price fell 3.4% during trading on Friday . The stock traded as low as $14.08 and last traded at $14.15. 99,598 shares were traded during trading, a decline of 90% from the average session volume of 1,006,425 shares. The stock had previously closed at $14.65.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets dropped their price target on Sigma Lithium from $25.00 to $20.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th.

Sigma Lithium Stock Down 4.8 %

The company has a quick ratio of 0.96, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. The firm’s 50-day moving average price is $13.28 and its 200 day moving average price is $12.77. The firm has a market cap of $1.55 billion, a P/E ratio of -29.06 and a beta of 0.16.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new position in shares of Sigma Lithium during the second quarter worth approximately $48,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Sigma Lithium during the 2nd quarter valued at $107,000. Public Employees Retirement System of Ohio acquired a new position in Sigma Lithium during the 3rd quarter worth $122,000. Y Intercept Hong Kong Ltd bought a new position in shares of Sigma Lithium in the third quarter worth $299,000. Finally, Tidal Investments LLC increased its holdings in shares of Sigma Lithium by 65.9% during the first quarter. Tidal Investments LLC now owns 44,241 shares of the company’s stock valued at $573,000 after purchasing an additional 17,566 shares during the period. Institutional investors own 64.86% of the company’s stock.

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.