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

Central Puerto S.A. (NYSE:CEPU) shares traded down 2.6% on Monday . The company traded as low as $12.23 and last traded at $12.23. 25,486 shares traded hands during trading, a decline of 92% from the average session volume of 330,418 shares. The stock had previously closed at $12.56.

Central Puerto Trading Down 2.5 %

The firm has a market capitalization of $1.85 billion, a P/E ratio of 4.79 and a beta of 1.18. The company has a quick ratio of 1.97, a current ratio of 2.13 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $13.11 and a 200-day moving average of $12.57.

Central Puerto (NYSE:CEPU) last issued its earnings results on Tuesday, March 11th. The company reported $0.29 earnings per share (EPS) 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 analysts’ expectations of $187.32 billion. Central Puerto had a return on equity of 22.76% and a net margin of 56.44%. On average, equities research analysts predict that Central Puerto S.A. will post 0.63 earnings per share for the current fiscal year.

Institutional Trading of Central Puerto

Several institutional investors have recently made changes to their positions in the company. Tidal Investments LLC purchased a new position in Central Puerto in the fourth quarter worth $176,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Central Puerto by 84.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,283,463 shares of the company’s stock worth $33,087,000 after buying an additional 1,047,490 shares during the last quarter. Bosun Asset Management LLC bought a new position in Central Puerto during the fourth quarter valued at about $666,000. Jane Street Group LLC purchased a new stake in Central Puerto during the fourth quarter worth about $405,000. Finally, Mirabella Financial Services LLP raised its position in Central Puerto by 259.1% in the fourth quarter. Mirabella Financial Services LLP now owns 90,088 shares of the company’s stock worth $1,305,000 after acquiring an additional 65,000 shares during the period. Institutional investors own 2.97% of the company’s stock.

About Central Puerto

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.