Vedanta Ltd (NYSE:VEDL)’s share price reached a new 52-week high and low on Thursday . The stock traded as low as $14.09 and last traded at $14.15, with a volume of 40354 shares changing hands. The stock had previously closed at $14.22.

Separately, ValuEngine raised Vedanta from a “sell” rating to a “hold” rating in a report on Wednesday, April 18th.

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 firm has a market cap of $10.81 billion, a P/E ratio of 8.90 and a beta of 1.87.

Vedanta (NYSE:VEDL) last posted its quarterly earnings results on Thursday, May 3rd. The basic materials company reported $0.66 EPS for the quarter. Vedanta had a return on equity of 24.61% and a net margin of 10.98%. The firm had revenue of $4.29 billion during the quarter.

Large investors have recently bought and sold shares of the stock. Alliancebernstein L.P. increased its holdings in shares of Vedanta by 121.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,550,962 shares of the basic materials company’s stock valued at $32,307,000 after purchasing an additional 851,541 shares during the last quarter. Eagle Asset Management Inc. increased its stake in Vedanta by 36.4% during the fourth quarter. Eagle Asset Management Inc. now owns 22,484 shares of the basic materials company’s stock worth $465,000 after acquiring an additional 6,002 shares during the last quarter. Aperio Group LLC increased its stake in Vedanta by 9.0% during the first quarter. Aperio Group LLC now owns 513,231 shares of the basic materials company’s stock worth $9,017,000 after acquiring an additional 42,482 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its stake in Vedanta by 72.7% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 369,600 shares of the basic materials company’s stock worth $7,698,000 after acquiring an additional 155,600 shares during the last quarter. Finally, Mackay Shields LLC acquired a new stake in Vedanta during the first quarter worth $1,084,000. 4.76% of the stock is owned by hedge funds and other institutional investors.

About Vedanta

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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