Vedanta Ltd (NYSE:VEDL)’s share price traded up 5.2% during trading on Wednesday . The company traded as high as $8.16 and last traded at $8.10, 625,200 shares changed hands during trading. An increase of 8% from the average session volume of 579,037 shares. The stock had previously closed at $7.70.
The stock has a market cap of $7.53 billion, a PE ratio of 7.39 and a beta of 1.34. The business has a 50-day moving average of $8.35 and a 200 day moving average of $8.75. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.63 and a current ratio of 0.79.
A number of institutional investors have recently bought and sold shares of VEDL. Tower Research Capital LLC TRC purchased a new stake in Vedanta in the 2nd quarter valued at about $47,000. Lindbrook Capital LLC grew its holdings in Vedanta by 242.2% in the 3rd quarter. Lindbrook Capital LLC now owns 4,658 shares of the basic materials company’s stock valued at $40,000 after buying an additional 3,297 shares during the period. Corient Capital Partners LLC purchased a new stake in Vedanta in the 2nd quarter valued at about $104,000. Squarepoint Ops LLC purchased a new stake in Vedanta in the 3rd quarter valued at about $91,000. Finally, Virtu Financial LLC purchased a new stake in Vedanta in the 3rd quarter valued at about $101,000. Hedge funds and other institutional investors own 3.57% of the company’s stock.
Vedanta Company Profile (NYSE:VEDL)
Vedanta Limited operates as a diversified natural resources company in India. The company produces oil and gas, zinc, lead, silver, iron ore, copper, and aluminum. It also operates 1,980 megawatts (MW) thermal coal-based commercial power facilities; a 600 MW thermal coal-based commercial power facility in Jharsuguda; a 600 MW thermal coal- based commercial power facility in Korba; 274 MW wind power plants; and a 100 MW power plant.
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