Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 1,668,070 shares changed hands during trading, an increase of 87% from the previous session's volume of 893,548 shares.The stock last traded at $7.35 and had previously closed at $7.55.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Centrais Elétricas Brasileiras S.A. - Eletrobrás from a "hold" rating to a "buy" rating in a research report on Saturday, February 17th.
Read Our Latest Stock Analysis on Centrais Elétricas Brasileiras S.A. - Eletrobrás
Centrais Elétricas Brasileiras S.A. - Eletrobrás Price Performance
The company has a current ratio of 1.76, a quick ratio of 1.75 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average of $8.48 and a 200 day moving average of $8.15.
Institutional Trading of Centrais Elétricas Brasileiras S.A. - Eletrobrás
Hedge funds have recently bought and sold shares of the stock. Advisor Group Holdings Inc. grew its holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 49.0% during the first quarter. Advisor Group Holdings Inc. now owns 4,898 shares of the utilities provider's stock valued at $39,000 after purchasing an additional 1,611 shares during the period. Tyler Stone Wealth Management bought a new position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás in the second quarter worth about $41,000. Tower Research Capital LLC TRC boosted its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 462.9% in the third quarter. Tower Research Capital LLC TRC now owns 5,764 shares of the utilities provider's stock worth $46,000 after acquiring an additional 4,740 shares during the period. Penserra Capital Management LLC bought a new position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás in the fourth quarter worth about $46,000. Finally, Citigroup Inc. boosted its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 33.0% in the first quarter. Citigroup Inc. now owns 7,961 shares of the utilities provider's stock worth $53,000 after acquiring an additional 1,976 shares during the period. Institutional investors own 6.54% of the company's stock.
Centrais Elétricas Brasileiras S.A. - Eletrobrás Company Profile
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Centrais Elétricas Brasileiras SA - Eletrobrás, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Brazil. The company generates electricity through hydroelectric, thermal, nuclear, wind, and solar plants. It owned and operated 32 hydroelectric plants; As of December 31, 2022, it operated 32 hydroelectric plants; five thermal plants, including coal and gas power generation units with a total installed capacity of 1,482 megawatts; and two nuclear power plants comprising Angra I with an installed capacity of 640 megawatts and Angra II with an installed capacity of 1,350 megawatts.
Further Reading
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