Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) Hits New 12-Month Low - Here's What Happened

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $20.00 and last traded at $20.31, with a volume of 1969741 shares changing hands. The stock had previously closed at $20.29.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "hold" rating to a "buy" rating in a report on Tuesday, April 1st.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Price Performance

The company has a fifty day simple moving average of $17.90 and a two-hundred day simple moving average of $16.50. The stock has a market capitalization of $13.60 billion, a price-to-earnings ratio of 7.83 and a beta of 0.77. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last posted its quarterly earnings results on Monday, March 24th. The utilities provider reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.43. The business had revenue of $981.20 million during the quarter, compared to the consensus estimate of $6.89 billion. Companhia de Saneamento Básico do Estado de São Paulo - SABESP had a return on equity of 27.73% and a net margin of 25.62%. As a group, equities research analysts expect that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 earnings per share for the current fiscal year.

Institutional Trading of Companhia de Saneamento Básico do Estado de São Paulo - SABESP

A number of institutional investors and hedge funds have recently made changes to their positions in the company. First Affirmative Financial Network lifted its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 3.3% during the first quarter. First Affirmative Financial Network now owns 17,932 shares of the utilities provider's stock worth $320,000 after purchasing an additional 565 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 2.7% during the 4th quarter. Ameriprise Financial Inc. now owns 29,445 shares of the utilities provider's stock worth $422,000 after buying an additional 776 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 7.9% during the 4th quarter. Quadrant Capital Group LLC now owns 12,964 shares of the utilities provider's stock worth $186,000 after buying an additional 950 shares during the last quarter. Rhumbline Advisers boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 0.9% in the fourth quarter. Rhumbline Advisers now owns 125,403 shares of the utilities provider's stock valued at $1,797,000 after buying an additional 1,165 shares in the last quarter. Finally, Quantinno Capital Management LP grew its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 9.3% in the fourth quarter. Quantinno Capital Management LP now owns 14,573 shares of the utilities provider's stock valued at $209,000 after acquiring an additional 1,237 shares during the last quarter. Institutional investors own 10.62% of the company's stock.

About Companhia de Saneamento Básico do Estado de São 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.