Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS) Shares Gap Down - Here's What Happened

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $20.61, but opened at $19.86. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp shares last traded at $19.98, with a volume of 1,187,562 shares.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Price Performance

The stock has a fifty day moving average of $20.72 and a two-hundred day moving average of $18.27. The stock has a market cap of $13.72 billion, a price-to-earnings ratio of 7.49 and a beta of 0.73. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.60.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The utilities provider reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp had a return on equity of 29.18% and a net margin of 28.70%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $7.67 billion. On average, equities research analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.17 earnings per share for the current year.

Institutional Trading of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp

Large investors have recently bought and sold shares of the company. Brooklyn Investment Group grew its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 166.0% in the first quarter. Brooklyn Investment Group now owns 2,234 shares of the utilities provider's stock valued at $40,000 after purchasing an additional 1,394 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the first quarter valued at $44,000. Parallel Advisors LLC grew its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 88.2% in the second quarter. Parallel Advisors LLC now owns 2,885 shares of the utilities provider's stock valued at $63,000 after purchasing an additional 1,352 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the first quarter valued at $54,000. Finally, Farther Finance Advisors LLC grew its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 1,451.6% in the first quarter. Farther Finance Advisors LLC now owns 3,817 shares of the utilities provider's stock valued at $69,000 after purchasing an additional 3,571 shares during the last quarter. Institutional investors and hedge funds own 10.62% of the company's stock.

About Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in São Paulo, Brazil.