Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Stock Crosses Below Two Hundred Day Moving Average of $8.17

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.17 and traded as low as $7.33. Centrais Elétricas Brasileiras S.A. – Eletrobrás shares last traded at $7.36, with a volume of 1,082,829 shares.

Analyst Ratings Changes

Separately, StockNews.com raised Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “hold” rating to a “buy” rating in a research note on Saturday, February 17th.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Down 1.0 %

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 company has a 50 day moving average of $8.24 and a 200 day moving average of $8.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Itau Unibanco Holding S.A. boosted its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 102.2% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,101,685 shares of the utilities provider’s stock worth $8,053,000 after acquiring an additional 556,886 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 88.5% during the 4th quarter. Van ECK Associates Corp now owns 447,979 shares of the utilities provider’s stock worth $3,862,000 after acquiring an additional 210,327 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 32.6% during the 4th quarter. Mackenzie Financial Corp now owns 371,263 shares of the utilities provider’s stock worth $3,200,000 after acquiring an additional 91,177 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 1.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 308,328 shares of the utilities provider’s stock worth $2,254,000 after acquiring an additional 4,574 shares in the last quarter. Finally, Barings LLC acquired a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the 4th quarter worth about $2,623,000. 6.54% of the stock is owned by institutional investors and hedge funds.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Company Profile

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.