Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS) Trading Down 4.1% - Time to Sell?

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) were down 4.1% during mid-day trading on Wednesday . The company traded as low as $21.25 and last traded at $21.20. Approximately 173,464 shares changed hands during trading, a decline of 84% from the average daily volume of 1,103,401 shares. The stock had previously closed at $22.10.

Analyst Ratings Changes

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 Stock Up 1.8%

The company has a market cap of $14.82 billion, a P/E ratio of 8.09 and a beta of 0.73. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a 50-day moving average of $20.62 and a two-hundred day moving average of $17.90.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last released 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 business had revenue of $1.04 billion during 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%. On average, research analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.17 EPS for the current fiscal year.

Hedge Funds Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp

Hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the 4th quarter worth $26,000. Brooklyn Investment Group raised its stake in 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 valued at $40,000 after purchasing an additional 1,394 shares during the period. Banque Cantonale Vaudoise purchased a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the first quarter worth $44,000. Headlands Technologies LLC purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the 1st quarter worth $54,000. Finally, J.Safra Asset Management Corp bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the 4th quarter worth approximately $54,000. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

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.