Central Puerto (NYSE:CEPU) Shares Gap Down - What's Next?

Key Points

• Central Puerto's stock price gapped down from $10.13 to $9.20 before opening, and it last traded at $8.93 with a significant trading volume of 196,638 shares.
• The stock received a rating upgrade from "buy" to "strong-buy" by Wall Street Zen, though it currently holds an average rating of "Hold" with a price target of $12.00.
• Central Puerto reported a net margin of 21.30% and projected an EPS of 0.63 for the current year following its quarterly earnings announcement.

Central Puerto S.A. Sponsored ADR (NYSE:CEPU - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $10.13, but opened at $9.20. Central Puerto shares last traded at $8.93, with a volume of 196,638 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen raised Central Puerto from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 3rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Central Puerto presently has an average rating of "Hold" and an average price target of $12.00.

Central Puerto Stock Down 14.1%

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 company has a 50 day moving average price of $11.55 and a two-hundred day moving average price of $11.73. The stock has a market cap of $1.32 billion, a PE ratio of 8.89 and a beta of 1.17.

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

Hedge Funds Weigh In On Central Puerto

Several hedge funds and other institutional investors have recently made changes to their positions in CEPU. Jane Street Group LLC acquired a new stake in shares of Central Puerto in the 4th quarter worth approximately $405,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Central Puerto by 84.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,283,463 shares of the company's stock valued at $33,087,000 after acquiring an additional 1,047,490 shares during the last quarter. Tidal Investments LLC acquired a new stake in Central Puerto in the 4th quarter worth about $176,000. GAMMA Investing LLC boosted its position in Central Puerto by 863.3% during the 1st quarter. GAMMA Investing LLC now owns 95,773 shares of the company's stock worth $1,062,000 after buying an additional 85,831 shares during the period. Finally, Insigneo Advisory Services LLC bought a new stake in Central Puerto during the 1st quarter valued at $200,000. Institutional investors and hedge funds 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.

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