Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.15 and traded as high as $16.42. Companhia de Saneamento Básico do Estado de São Paulo - SABESP shares last traded at $16.18, with a volume of 420,218 shares.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th.
View Our Latest Stock Report on SBS
Companhia de Saneamento Básico do Estado de São Paulo - SABESP Stock Performance
The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13. The business has a 50 day moving average price of $15.89 and a 200 day moving average price of $16.13. The stock has a market capitalization of $11.36 billion, a PE ratio of 6.55 and a beta of 1.15.
Institutional Trading of Companhia de Saneamento Básico do Estado de São Paulo - SABESP
Several hedge funds have recently bought and sold shares of SBS. SBI Securities Co. Ltd. bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter valued at approximately $26,000. Advisors Asset Management Inc. lifted its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 33.7% in the third quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider's stock worth $60,000 after buying an additional 911 shares during the last quarter. J.Safra Asset Management Corp purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the fourth quarter worth $54,000. R Squared Ltd bought a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the fourth quarter valued at $66,000. Finally, Signaturefd LLC boosted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 25.9% during the 4th quarter. Signaturefd LLC now owns 9,305 shares of the utilities provider's stock worth $133,000 after purchasing an additional 1,917 shares during the period. Hedge funds and other institutional investors own 10.62% of the company's stock.
Companhia de Saneamento Básico do Estado de São Paulo - SABESP Company Profile
(
Get Free Report)
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in São Paulo, Brazil.
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