Central Puerto (NYSE:CEPU) Shares Down 2.6% - Here's Why

Shares of Central Puerto S.A. (NYSE:CEPU - Get Free Report) fell 2.6% on Monday . The stock traded as low as $12.23 and last traded at $12.23. 25,486 shares traded hands during mid-day 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 3.2 %

The business's 50-day moving average price is $12.95 and its 200-day moving average price is $12.60. The firm has a market capitalization of $1.74 billion, a PE ratio of 4.52 and a beta of 1.18. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.13 and a quick ratio of 1.97.

Central Puerto (NYSE:CEPU - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.26. Central Puerto had a net margin of 56.44% and a return on equity of 22.76%. The company had revenue of $168.00 million for the quarter, compared to the consensus estimate of $187.32 billion. As a group, analysts expect that Central Puerto S.A. will post 0.63 earnings per share for the current fiscal year.

Institutional Trading of Central Puerto

Hedge funds have recently added to or reduced their stakes in the stock. Verition Fund Management LLC purchased a new stake in shares of Central Puerto during the third quarter worth approximately $121,000. Quadrature Capital Ltd acquired a new position in Central Puerto in the 3rd quarter valued at $122,000. GAMMA Investing LLC raised its position in Central Puerto by 169.1% during the 4th quarter. GAMMA Investing LLC now owns 9,942 shares of the company's stock worth $144,000 after buying an additional 6,248 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Central Puerto in the third quarter valued at about $157,000. Finally, Tidal Investments LLC acquired a new position in Central Puerto during the 4th quarter worth approximately $176,000. 2.97% of the stock is owned by institutional investors and hedge funds.

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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.