Central Puerto (NYSE:CEPU) Shares Down 2.1%

Central Puerto S.A. (NYSE:CEPU) shares dropped 2.1% during trading on Friday . The stock traded as low as $9.08 and last traded at $9.12. Approximately 25,703 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 330,967 shares. The stock had previously closed at $9.32.

Central Puerto Stock Performance

The stock’s 50 day moving average is $9.58 and its two-hundred day moving average is $9.24. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 3.67 and a beta of 1.38. The company has a current ratio of 2.00, a quick ratio of 1.86 and a debt-to-equity ratio of 0.22.

Central Puerto (NYSE:CEPU) last posted its quarterly earnings data on Monday, May 13th. The company reported $0.18 earnings per share for the quarter. Central Puerto had a return on equity of 22.42% and a net margin of 54.47%. The company had revenue of $150.12 million during the quarter. Analysts expect that Central Puerto S.A. will post 0.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets bought a new stake in Central Puerto during the first quarter worth $29,000. Hsbc Holdings PLC raised its position in shares of Central Puerto by 17.8% in the 4th quarter. Hsbc Holdings PLC now owns 206,552 shares of the company’s stock valued at $1,896,000 after buying an additional 31,159 shares in the last quarter. Anthracite Investment Company Inc. bought a new stake in Central Puerto during the fourth quarter worth $592,000. Simplex Trading LLC raised its position in Central Puerto by 1,441.0% during the 4th quarter. Simplex Trading LLC now owns 2,910 shares of the company’s stock worth $26,000 after purchasing an additional 3,127 shares during the last quarter. Finally, Glenorchy Capital Ltd bought a new stake in shares of Central Puerto in the 4th quarter valued at about $3,162,000. Institutional investors own 2.97% of the company’s stock.

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.