Shares of Vedanta Ltd (NYSE:VEDL) hit a new 52-week high and low during trading on Thursday . The company traded as low as $14.09 and last traded at $14.15, with a volume of 40354 shares. The stock had previously closed at $14.22.
Separately, ValuEngine downgraded Vedanta from a “hold” rating to a “sell” rating in a research note on Friday, March 23rd.
The company has a quick ratio of 0.64, a current ratio of 0.82 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $10.81 billion, a P/E ratio of 8.90 and a beta of 1.87.
Hedge funds have recently modified their holdings of the business. Blackhawk Capital Partners LLC. purchased a new position in Vedanta during the first quarter worth approximately $144,000. Mirador Capital Partners LP purchased a new position in Vedanta during the first quarter worth approximately $185,000. Sei Investments Co. purchased a new position in shares of Vedanta in the first quarter valued at approximately $190,000. Allianz Asset Management GmbH purchased a new position in shares of Vedanta in the fourth quarter valued at approximately $207,000. Finally, Usca Ria LLC purchased a new position in shares of Vedanta in the first quarter valued at approximately $213,000. Institutional investors own 4.76% of the company’s stock.
Vedanta Limited, a diversified natural resources company, engages in exploring, extracting, and processing minerals, and oil and gas in India. It produces oil and gas, zinc, lead, silver, copper, iron ore, and aluminum. The company also operates 600 megawatts of thermal coal based power facility in the State of Odisha; and 274 megawatts of wind power plants.
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