Vedanta Limited (NYSE:VEDL)’s share price reached a new 52-week high on Thursday . The company traded as high as $12.94 and last traded at $12.94, with a volume of 47632 shares traded. The stock had previously closed at $12.76.

The company has a current ratio of 0.97, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. The stock has a market cap of $12.02 billion, a price-to-earnings ratio of -10.43 and a beta of 1.84. The stock has a 50-day moving average price of $12.07 and a two-hundred day moving average price of $8.68.

Vedanta (NYSE:VEDL) last issued its quarterly earnings results on Friday, January 29th. The basic materials company reported $0.48 EPS for the quarter. Vedanta had a positive return on equity of 9.98% and a negative net margin of 10.36%. The company had revenue of $3.05 billion during the quarter.

A number of institutional investors and hedge funds have recently modified their holdings of VEDL. JPMorgan Chase & Co. acquired a new stake in Vedanta during the 3rd quarter worth about $2,089,000. Morgan Stanley lifted its holdings in shares of Vedanta by 720.8% in the 3rd quarter. Morgan Stanley now owns 376,861 shares of the basic materials company’s stock valued at $2,785,000 after buying an additional 330,948 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in shares of Vedanta in the 3rd quarter valued at about $321,000. Jane Street Group LLC lifted its holdings in shares of Vedanta by 1,151.9% in the 3rd quarter. Jane Street Group LLC now owns 279,904 shares of the basic materials company’s stock valued at $2,069,000 after buying an additional 257,545 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Vedanta in the 3rd quarter valued at about $239,000. 3.21% of the stock is owned by institutional investors.

Vedanta Company Profile (NYSE:VEDL)

Vedanta Limited operates as a diversified natural resources company in India. The company explores for, develops, extracts, produces, processes, and sells oil and gas, zinc, lead, silver, copper, aluminum, iron ore, steel, and power. It is involved in the exploration, development, and production of oil and gas; and exploration, mining, and processing of iron ore, pig iron, and metallurgical coke.

Further Reading: Diversification Important in Investing

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