Central Puerto (NYSE:CEPU) Stock Price Down 4.3% - Here's Why

Key Points

• Central Puerto S.A. shares fell by 4.3% to $7.98 amid a notable drop in trading volume, down 59% from the average.
• Despite the stock's decline, Wall Street Zen has upgraded Central Puerto from a "buy" to a "strong-buy" rating.
• In its most recent quarter, Central Puerto reported $179.60 million in revenue and earnings of $0.48 per share, with a forecasted EPS of 0.63 for the current fiscal year.

Central Puerto S.A. Sponsored ADR (NYSE:CEPU - Get Free Report)'s stock price fell 4.3% during trading on Thursday . The stock traded as low as $8.00 and last traded at $7.98. 123,824 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 301,845 shares. The stock had previously closed at $8.34.

Analyst Ratings Changes

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 cap of $1.31 billion, a price-to-earnings ratio of 8.85 and a beta of 1.16. The company has a 50 day simple moving average of $10.92 and a 200-day simple moving average of $11.47. The company has a current ratio of 1.31, a quick ratio of 1.20 and a debt-to-equity ratio of 0.09.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Advisors Preferred LLC acquired a new stake in Central Puerto in the 1st quarter valued at $53,000. Tidal Investments LLC bought a new position in shares of Central Puerto in the 4th quarter valued at about $176,000. Virtu Financial LLC acquired a new stake in shares of Central Puerto in the first quarter valued at about $170,000. Insigneo Advisory Services LLC acquired a new stake in shares of Central Puerto in the first quarter valued at about $200,000. Finally, Bank of America Corp DE raised its holdings 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 worth $240,000 after acquiring an additional 2,460 shares in the last quarter. Institutional investors own 2.97% of the company's stock.

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.