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

Shares of Central Puerto S.A. (NYSE:CEPU) 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 trading, a decline of 92% from the average daily volume of 330,418 shares. The stock had previously closed at $12.56.

Central Puerto Stock Performance

The firm has a market capitalization of $1.82 billion, a P/E ratio of 4.72 and a beta of 1.18. The business’s 50 day simple moving average is $13.03 and its two-hundred day simple moving average is $12.61. The company has a current ratio of 2.13, a quick ratio of 1.97 and a debt-to-equity ratio of 0.18.

Central Puerto (NYSE:CEPU) last issued its earnings results on Tuesday, March 11th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.26. The business had revenue of $168.00 million during the quarter, compared to analyst estimates of $187.32 billion. Central Puerto had a return on equity of 22.76% and a net margin of 56.44%. Sell-side analysts anticipate that Central Puerto S.A. will post 0.63 EPS for the current fiscal year.

Institutional Investors Weigh In On Central Puerto

A number of hedge funds have recently added to or reduced their stakes in the stock. Ping Capital Management Inc. grew its holdings in shares of Central Puerto by 4.9% in the fourth quarter. Ping Capital Management Inc. now owns 86,000 shares of the company’s stock worth $1,246,000 after acquiring an additional 4,000 shares during the period. GAMMA Investing LLC boosted its position in Central Puerto by 169.1% in the fourth quarter. GAMMA Investing LLC now owns 9,942 shares of the company’s stock worth $144,000 after purchasing an additional 6,248 shares during the last quarter. Invesco Ltd. increased its position in shares of Central Puerto by 60.7% during the 4th quarter. Invesco Ltd. now owns 24,949 shares of the company’s stock valued at $362,000 after purchasing an additional 9,422 shares during the last quarter. Tidal Investments LLC bought a new position in shares of Central Puerto in the 4th quarter worth approximately $176,000. Finally, Verition Fund Management LLC purchased a new position in shares of Central Puerto in the third quarter worth approximately $121,000. 2.97% of the stock is currently owned by hedge funds and other 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.