Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR) Stock Price Passes Below Two Hundred Day Moving Average - What's Next?

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.99 and traded as low as $6.16. Centrais Elétricas Brasileiras S.A. - Eletrobrás shares last traded at $6.21, with a volume of 931,214 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Hsbc Global Res upgraded Centrais Elétricas Brasileiras S.A. - Eletrobrás to a "strong-buy" rating in a report on Tuesday, October 15th. StockNews.com upgraded Centrais Elétricas Brasileiras S.A. - Eletrobrás from a "buy" rating to a "strong-buy" rating in a report on Friday, November 8th.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Price Performance

The business has a fifty day moving average of $6.86 and a 200 day moving average of $6.98. The company has a current ratio of 2.06, a quick ratio of 2.04 and a debt-to-equity ratio of 0.47.

Institutional Investors Weigh In On Centrais Elétricas Brasileiras S.A. - Eletrobrás

A number of hedge funds have recently bought and sold shares of the stock. Signaturefd LLC raised its position in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 22.0% in the 3rd quarter. Signaturefd LLC now owns 9,353 shares of the utilities provider's stock valued at $68,000 after purchasing an additional 1,685 shares in the last quarter. SG Americas Securities LLC raised its position in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 18.7% in the 2nd quarter. SG Americas Securities LLC now owns 14,516 shares of the utilities provider's stock valued at $93,000 after purchasing an additional 2,284 shares in the last quarter. Sivia Capital Partners LLC raised its position in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 26.0% in the 3rd quarter. Sivia Capital Partners LLC now owns 12,798 shares of the utilities provider's stock valued at $93,000 after purchasing an additional 2,642 shares in the last quarter. Metis Global Partners LLC raised its position in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 12.3% in the 3rd quarter. Metis Global Partners LLC now owns 36,010 shares of the utilities provider's stock valued at $260,000 after purchasing an additional 3,934 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 232.4% during the 2nd quarter. Blue Trust Inc. now owns 5,748 shares of the utilities provider's stock worth $37,000 after acquiring an additional 4,019 shares in the last quarter. Institutional investors and hedge funds own 6.54% of the company's stock.

About Centrais Elétricas Brasileiras S.A. - Eletrobrás

Centrais Elétricas Brasileiras SA - Eletrobrás, through its subsidiaries, engages in the generation, transmission, and commercialization of electricity in Brazil. The company generates electricity through hydroelectric, thermoelectric, nuclear, wind, and solar plants. As of December 31, 2023, it owned and operated 44 hydroelectric plants with a total capacity of 42,293.5 megawatt (MW); 5 thermal plants, including coal and gas power generation units with a total installed capacity of 1,632 MW; and two nuclear power plants comprising Angra 1 with an installed capacity of 657 MW and Angra 2 with an installed capacity of 1350 MW.