Central Puerto (NYSE:CEPU) Stock Price Down 2.6% – Here’s Why

Central Puerto S.A. (NYSE:CEPU) dropped 2.6% on Monday . The stock traded as low as $12.23 and last traded at $12.23. Approximately 25,486 shares changed hands during trading, a decline of 92% from the average daily volume of 330,418 shares. The stock had previously closed at $12.56.

Central Puerto Stock Down 2.5 %

The firm has a market capitalization of $1.85 billion, a PE ratio of 4.79 and a beta of 1.18. The stock has a 50-day simple moving average of $13.11 and a 200-day simple moving average of $12.57. The company has a quick ratio of 1.97, a current ratio of 2.13 and a debt-to-equity ratio of 0.18.

Central Puerto (NYSE:CEPU) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.26. The company had revenue of $168.00 million during the quarter, compared to analyst estimates of $187.32 billion. Central Puerto had a return on equity of 22.76% and a net margin of 56.44%. Analysts forecast that Central Puerto S.A. will post 0.63 EPS for the current year.

Institutional Trading of Central Puerto

Institutional investors have recently modified their holdings of the business. Verition Fund Management LLC purchased a new position in Central Puerto in the 3rd quarter valued at approximately $121,000. Quadrature Capital Ltd purchased a new position in shares of Central Puerto in the third quarter valued at $122,000. GAMMA Investing LLC raised its stake in shares of Central Puerto by 169.1% during the 4th quarter. GAMMA Investing LLC now owns 9,942 shares of the company’s stock valued at $144,000 after purchasing an additional 6,248 shares during the period. Virtu Financial LLC bought a new stake in shares of Central Puerto during the 3rd quarter valued at $157,000. Finally, Tidal Investments LLC purchased a new stake in Central Puerto during the 4th quarter worth about $176,000. 2.97% of the stock is currently owned by hedge funds and other institutional investors.

Central Puerto Company Profile

Central Puerto SA engages in the electric power generation in Argentina. It operates through three segments: Electric Power Generation from Conventional Sources, Electric Power Generation from Renewable Sources, and Natural Gas Transport and Distribution. The company generates energy through thermal, hydroelectric, and wind farms.