Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS) Shares Pass Above 200 Day Moving Average - Here's What Happened

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $18.41 and traded as high as $20.37. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp shares last traded at $19.75, with a volume of 696,288 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut 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 Trading Down 0.9%

The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $13.47 billion, a price-to-earnings ratio of 7.35 and a beta of 0.73. The company's fifty day simple moving average is $20.68 and its two-hundred day simple moving average is $18.51.

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

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

Large investors have recently bought and sold shares of the business. QRG Capital Management Inc. lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 68.2% during the second quarter. QRG Capital Management Inc. now owns 24,305 shares of the utilities provider's stock worth $534,000 after purchasing an additional 9,853 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 7.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,963 shares of the utilities provider's stock valued at $548,000 after acquiring an additional 1,724 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 2nd quarter worth about $243,000. Ballentine Partners LLC acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the second quarter valued at approximately $220,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 2nd quarter valued at $10,443,000. 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.