Central Puerto (NYSE:CEPU) Reaches New 1-Year Low - Here's Why

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 reached a new 52-week low on Tuesday . The stock traded as low as $8.30 and last traded at $8.36, with a volume of 804117 shares changing hands. The stock had previously closed at $8.56.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of 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 capitalization of $1.26 billion, a P/E ratio of 8.53 and a beta of 1.16. The company's 50-day simple moving average is $11.19 and its 200-day simple moving average is $11.58. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.31 and a quick ratio of 1.20.

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

Hedge Funds Weigh In On Central Puerto

A number of hedge funds have recently bought and sold shares of CEPU. Advisors Preferred LLC bought a new position in Central Puerto during the first quarter worth about $53,000. Virtu Financial LLC acquired a new stake in Central Puerto during the 1st quarter worth approximately $170,000. Tidal Investments LLC bought a new stake in shares of Central Puerto in the 4th quarter valued at $176,000. Insigneo Advisory Services LLC bought a new stake in shares of Central Puerto in the 1st quarter valued at $200,000. Finally, Bank of America Corp DE increased its stake in shares of Central Puerto by 13.6% in the 2nd quarter. Bank of America Corp DE now owns 20,531 shares of the company's stock valued at $240,000 after acquiring an additional 2,460 shares in the last quarter. 2.97% of the stock is owned by institutional investors.

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.

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