Central Puerto (NYSE:CEPU) Stock Price Down 4.4% - Here's What Happened

Shares of Central Puerto S.A. (NYSE:CEPU - Get Free Report) were down 4.4% on Wednesday . The stock traded as low as $11.95 and last traded at $12.00. Approximately 200,998 shares changed hands during trading, a decline of 37% from the average daily volume of 318,265 shares. The stock had previously closed at $12.55.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Central Puerto from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th.

Central Puerto Trading Up 0.7%

The business has a fifty day simple moving average of $11.60 and a 200-day simple moving average of $12.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.97 and a current ratio of 2.13. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 4.68 and a beta of 1.09.

Central Puerto (NYSE:CEPU - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $0.50 earnings per share (EPS) for the quarter. Central Puerto had a return on equity of 22.76% and a net margin of 56.44%. The business had revenue of $196.00 million during the quarter. As a group, equities analysts forecast that Central Puerto S.A. will post 0.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Central Puerto

A number of institutional investors and hedge funds have recently bought and sold shares of CEPU. Ping Capital Management Inc. increased its holdings in Central Puerto by 4.9% in the 4th quarter. Ping Capital Management Inc. now owns 86,000 shares of the company's stock worth $1,246,000 after purchasing an additional 4,000 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Central Puerto in the fourth quarter valued at about $1,319,000. Pictet Asset Management Holding SA increased its stake in shares of Central Puerto by 1,204.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 435,276 shares of the company's stock valued at $6,307,000 after buying an additional 401,903 shares during the period. OLD Mission Capital LLC acquired a new stake in shares of Central Puerto in the fourth quarter valued at about $776,000. Finally, Invesco Ltd. increased its stake in shares of Central Puerto by 60.7% in the fourth quarter. Invesco Ltd. now owns 24,949 shares of the company's stock valued at $362,000 after buying an additional 9,422 shares during the period. Institutional investors and hedge funds 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.