Central Puerto (NYSE:CEPU) Sees Unusually-High Trading Volume - What's Next?

Key Points

• Central Puerto's trading volume increased by 54% on Monday, with 458,319 shares traded compared to the previous session's 297,461 shares, while the stock price rose from $8.56 to $8.74.
• Wall Street Zen upgraded Central Puerto from a "buy" to a "strong-buy" rating, indicating a more favorable outlook for the company's stock.
• Central Puerto reported a net margin of 21.30% and a return on equity of 11.81%, with an earnings per share of $0.48 for the latest quarter, suggesting robust financial performance.

Shares of Central Puerto S.A. Sponsored ADR (NYSE:CEPU - Get Free Report) saw an uptick in trading volume on Monday . 458,319 shares changed hands during mid-day trading, an increase of 54% from the previous session's volume of 297,461 shares.The stock last traded at $8.74 and had previously closed at $8.56.

Analyst Upgrades and Downgrades

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 Stock Performance

The firm's 50-day moving average price is $11.25 and its two-hundred day moving average price is $11.61. The firm has a market capitalization of $1.26 billion, a PE ratio of 8.53 and a beta of 1.17. The company has a quick ratio of 1.20, a current ratio of 1.31 and a debt-to-equity ratio of 0.09.

Central Puerto (NYSE:CEPU - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $0.48 earnings per share for the quarter. The business 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, research analysts predict that Central Puerto S.A. Sponsored ADR will post 0.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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