Lithium Americas (TSE:LAC) Shares Pass Below 200-Day Moving Average – Should You Sell?

Lithium Americas Corp. (TSE:LAC) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.10 and traded as low as C$3.63. Lithium Americas shares last traded at C$3.69, with a volume of 414,846 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LAC. National Bank Financial downgraded shares of Lithium Americas from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 16th. Evercore ISI raised Lithium Americas to a “strong-buy” rating in a research note on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Lithium Americas has an average rating of “Moderate Buy” and an average target price of C$7.50.

Lithium Americas Price Performance

The company has a market cap of C$561.41 million, a price-to-earnings ratio of -19.30 and a beta of 1.58. The company’s 50 day moving average price is C$3.86 and its 200 day moving average price is C$4.10. 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.