Central Puerto (NYSE:CEPU) Shares Gap Up – Time to Buy?

Central Puerto S.A. (NYSE:CEPU) gapped up prior to trading on Monday . The stock had previously closed at $10.70, but opened at $11.99. Central Puerto shares last traded at $11.94, with a volume of 98,724 shares trading hands.

Central Puerto Trading Down 1.4 %

The firm has a 50 day moving average of $11.89 and a 200-day moving average of $12.65. 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 market capitalization of $1.70 billion, a P/E ratio of 4.41 and a beta of 1.02.

Central Puerto (NYSE:CEPU) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.29 EPS for the quarter, topping 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 company had revenue of $168.00 million for the quarter, compared to analysts’ expectations of $187.32 billion. 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

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC raised its position in Central Puerto by 169.1% during the fourth 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 in the last quarter. Tidal Investments LLC bought a new position in shares of Central Puerto in the 4th quarter valued at $176,000. Verition Fund Management LLC acquired a new position in shares of Central Puerto during the 3rd quarter worth $121,000. Virtu Financial LLC bought a new stake in shares of Central Puerto during the 3rd quarter worth $157,000. Finally, Invesco Ltd. lifted 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 worth $362,000 after buying an additional 9,422 shares during the last quarter. 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.