Central Puerto (NYSE:CEPU) Shares Down 5% - Here's What Happened

Key Points

• Central Puerto S.A. shares experienced a decline of 5%, falling to $8.54 on Friday, significantly below its 50-day and 200-day moving averages.
• Wall Street analysts upgraded the company to a "strong-buy" rating shortly before the stock's decline, indicating a potential value despite recent losses.
• The company reported a quarterly earnings of $0.48 EPS with a revenue of $179.60 million, and analysts project an EPS of 0.63 for the current fiscal year.

Central Puerto S.A. Sponsored ADR (NYSE:CEPU - Get Free Report)'s stock price fell 5% during mid-day trading on Friday . The company traded as low as $8.51 and last traded at $8.54. 72,456 shares were traded during trading, a decline of 76% from the average session volume of 296,566 shares. The stock had previously closed at $8.98.

Wall Street Analyst Weigh In

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

Central Puerto Trading Down 3.5%

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.31 and a quick ratio of 1.20. The business has a 50-day simple moving average of $11.12 and a two-hundred day simple moving average of $11.56. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 8.50 and a beta of 1.16.

Central Puerto (NYSE:CEPU - Get Free Report) last announced its quarterly earnings results 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%. Equities analysts forecast that Central Puerto S.A. Sponsored ADR will post 0.63 EPS for the current fiscal year.

Institutional Trading of Central Puerto

A number of institutional investors have recently bought and sold shares of the business. Advisors Preferred LLC bought a new position in Central Puerto in the 1st quarter valued at about $53,000. Tidal Investments LLC acquired a new position in shares of Central Puerto in the fourth quarter worth approximately $176,000. Virtu Financial LLC bought a new stake in shares of Central Puerto in the 1st quarter valued at $170,000. Insigneo Advisory Services LLC acquired a new stake in shares of Central Puerto during the first quarter worth $200,000. Finally, Bank of America Corp DE raised its stake 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 buying an additional 2,460 shares during the last quarter. 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.