Lithium Americas (TSE:LAC) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Lithium Americas Corp. (TSE:LAC)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.31 and traded as low as C$4.28. Lithium Americas shares last traded at C$4.37, with a volume of 597,383 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LAC shares. Wedbush upgraded Lithium Americas to a “hold” rating in a report on Thursday, December 19th. BMO Capital Markets upgraded Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. Cormark upgraded Lithium Americas to a “moderate buy” rating in a report on Friday, January 17th. Finally, National Bankshares lifted their price objective on Lithium Americas from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$7.50.

Lithium Americas Trading Up 0.2 %

The firm has a market capitalization of C$664.87 million, a price-to-earnings ratio of -22.86 and a beta of 1.58. The company has a fifty day moving average price of C$4.50 and a two-hundred day moving average price of C$4.31. The company has a current ratio of 13.88, a quick ratio of 52.06 and a debt-to-equity ratio of 0.65.

About Lithium Americas

Lithium Americas Corp. engages in the exploration and development of lithium properties in the United States and Canada. It holds a 100% interest in the Thacker Pass project located in northern Nevada, as well as investments in exploration properties in the United States and Canada. Lithium Americas Corp.