Central Puerto (NYSE:CEPU) Reaches New 1-Year Low - Should You Sell?

Key Points

• Central Puerto's share price reached a new 52-week low of $8.30, ending at $8.36 with a trading volume of 804,117 shares.
• Despite the drop in stock price, Wall Street Zen upgraded Central Puerto's rating from "buy" to "strong-buy" on August 3rd.
• The company reported a quarterly earnings per share of $0.48 and is expected to post EPS of 0.63 for the current fiscal year.

Central Puerto S.A. Sponsored ADR (NYSE:CEPU - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $8.30 and last traded at $8.36, with a volume of 804117 shares traded. The stock had previously closed at $8.56.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Central Puerto from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 3rd.

Central Puerto Price Performance

The stock has a market cap of $1.16 billion, a P/E ratio of 7.85 and a beta of 1.16. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.20 and a current ratio of 1.31. The business has a 50 day simple moving average of $10.92 and a 200-day simple moving average of $11.48.

Central Puerto (NYSE:CEPU - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.48 earnings per share (EPS) for the quarter. Central Puerto had a return on equity of 11.81% and a net margin of 21.30%.The firm had revenue of $179.60 million during the quarter. On average, sell-side analysts forecast that Central Puerto S.A. Sponsored ADR will post 0.63 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its position in shares of Central Puerto by 13.6% during the 2nd quarter. Bank of America Corp DE now owns 20,531 shares of the company's stock valued at $240,000 after buying an additional 2,460 shares during the last quarter. Jane Street Group LLC lifted its holdings in Central Puerto by 6.9% during the 2nd quarter. Jane Street Group LLC now owns 53,073 shares of the company's stock worth $620,000 after purchasing an additional 3,424 shares in the last quarter. Advisors Preferred LLC purchased a new stake in Central Puerto during the 1st quarter worth about $53,000. Ping Capital Management Inc. lifted its holdings in Central Puerto by 7.0% during the 1st quarter. Ping Capital Management Inc. now owns 92,000 shares of the company's stock worth $1,020,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Central Puerto by 41.1% during the 2nd quarter. Invesco Ltd. now owns 30,434 shares of the company's stock worth $355,000 after purchasing an additional 8,867 shares in the last quarter. Hedge funds and other institutional investors own 2.97% of the company's stock.

About Central Puerto

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.