Central Puerto (NYSE:CEPU) Stock Price Down 2.6% – Here’s What Happened

Central Puerto S.A. (NYSE:CEPU)’s stock price dropped 2.6% during trading on Monday . The stock traded as low as $12.23 and last traded at $12.23. Approximately 25,486 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 330,418 shares. The stock had previously closed at $12.56.

Central Puerto Trading Down 2.8 %

The company has a market capitalization of $1.82 billion, a P/E ratio of 4.72 and a beta of 1.18. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.97 and a current ratio of 2.13. The stock has a fifty day moving average of $13.03 and a 200 day moving average of $12.61.

Central Puerto (NYSE:CEPU) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.26. Central Puerto had a return on equity of 22.76% and a net margin of 56.44%. The firm had revenue of $168.00 million for the quarter, compared to analysts’ expectations of $187.32 billion. As a group, equities research analysts anticipate that Central Puerto S.A. will post 0.63 EPS for the current fiscal year.

Institutional Trading of Central Puerto

Several institutional investors and hedge funds have recently modified their holdings of CEPU. Verition Fund Management LLC bought a new position in Central Puerto in the 3rd quarter worth $121,000. Quadrature Capital Ltd purchased a new stake in shares of Central Puerto during the third quarter worth about $122,000. GAMMA Investing LLC raised its stake in Central Puerto by 169.1% during the 4th quarter. GAMMA Investing LLC now owns 9,942 shares of the company’s stock valued at $144,000 after purchasing an additional 6,248 shares during the period. Virtu Financial LLC purchased a new position in Central Puerto in the 3rd quarter worth approximately $157,000. Finally, Tidal Investments LLC bought a new position in Central Puerto in the 4th quarter worth approximately $176,000. 2.97% of the stock is currently owned by institutional investors.

Central Puerto Company Profile

Central Puerto SA engages in the electric power generation in Argentina. It operates through three segments: Electric Power Generation from Conventional Sources, Electric Power Generation from Renewable Sources, and Natural Gas Transport and Distribution. The company generates energy through thermal, hydroelectric, and wind farms.