Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS) Shares Gap Down - Time to Sell?

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) shares 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 trading hands.

Wall Street Analyst Weigh In

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

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Stock Down 0.2%

The business's 50 day moving average is $20.72 and its 200-day moving average is $18.17. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $13.72 billion, a PE ratio of 7.49 and a beta of 0.73.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The utilities provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $7.67 billion. 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%. As a group, analysts predict that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.17 EPS for the current year.

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

Several institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the 4th quarter valued at $26,000. Brooklyn Investment Group boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 166.0% during the 1st quarter. Brooklyn Investment Group now owns 2,234 shares of the utilities provider's stock worth $40,000 after purchasing an additional 1,394 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the first quarter worth approximately $44,000. Headlands Technologies LLC acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the first quarter worth approximately $54,000. Finally, Parallel Advisors LLC boosted its position in shares of 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 worth $63,000 after acquiring an additional 1,352 shares during the last quarter. Hedge funds and other institutional investors own 10.62% of the company's stock.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Company Profile

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.