Vedanta Ltd (NYSE:VEDL) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $7.11 and last traded at $7.15, with a volume of 6202 shares changing hands. The stock had previously closed at $7.74.
Separately, Citigroup upgraded Vedanta from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Vedanta has an average rating of “Hold”.
The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $7.38 billion, a price-to-earnings ratio of 7.56 and a beta of 1.28. The firm has a 50-day moving average of $8.89 and a 200 day moving average of $9.52.
About Vedanta (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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