Suzano (NYSE:SUZ) Stock Price Down 2.3%

Suzano S.A. (NYSE:SUZ)’s share price traded down 2.3% during trading on Thursday . The stock traded as low as $9.77 and last traded at $9.80. 426,370 shares traded hands during trading, a decline of 78% from the average session volume of 1,982,058 shares. The stock had previously closed at $10.03.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upgraded Suzano from an “underweight” rating to an “equal weight” rating in a research report on Monday, May 20th.

Suzano Stock Performance

The company has a quick ratio of 2.36, a current ratio of 2.48 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $13.21 billion, a price-to-earnings ratio of 7.13 and a beta of 1.00. The stock’s 50-day simple moving average is $9.57 and its 200 day simple moving average is $10.60.

Hedge Funds Weigh In On Suzano

Several institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its holdings in shares of Suzano by 16.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,798 shares of the company’s stock valued at $100,000 after buying an additional 1,222 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Suzano by 8.7% during the fourth quarter. Quadrant Capital Group LLC now owns 16,264 shares of the company’s stock valued at $185,000 after purchasing an additional 1,304 shares during the last quarter. Creative Planning increased its holdings in shares of Suzano by 4.7% in the second quarter. Creative Planning now owns 47,191 shares of the company’s stock valued at $485,000 after purchasing an additional 2,128 shares in the last quarter. QRG Capital Management Inc. increased its holdings in shares of Suzano by 18.0% in the fourth quarter. QRG Capital Management Inc. now owns 15,119 shares of the company’s stock valued at $172,000 after purchasing an additional 2,305 shares in the last quarter. Finally, Caprock Group LLC bought a new position in Suzano in the 2nd quarter worth approximately $103,000. Institutional investors own 2.55% of the company’s stock.

About Suzano

Suzano SA produces and sells eucalyptus pulp and paper products in Brazil and internationally. It operates through Pulp and Paper segments. The company offers coated and uncoated printing and writing papers, paperboards, tissue papers, and market and fluff pulps; and lignin. It also engages in the research, development, and production of biofuel; operation of port terminals; power generation and distribution business; commercialization of equipment and parts; industrialization, commercialization, and exporting of pulp and standing wood; road freight transport; biotechnology research and development; and commercialization of paper and computer materials.