Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR) Stock Passes Below 200-Day Moving Average - What's Next?

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.10 and traded as low as $6.70. Centrais Elétricas Brasileiras S.A. - Eletrobrás shares last traded at $6.74, with a volume of 1,693,805 shares traded.

Wall Street Analyst Weigh In

Several research analysts have weighed in on EBR shares. Hsbc Global Res upgraded shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás to a "strong-buy" rating in a research report on Tuesday, October 15th. StockNews.com upgraded shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás from a "hold" rating to a "buy" rating in a research report on Monday, September 23rd.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Trading Down 2.0 %

The stock's 50 day moving average price is $7.21 and its 200-day moving average price is $7.09. The company has a quick ratio of 2.33, a current ratio of 2.35 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $15.18 billion, a PE ratio of 9.29, a PEG ratio of 2.09 and a beta of 1.09.

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $1.61 billion during the quarter. Centrais Elétricas Brasileiras S.A. - Eletrobrás had a net margin of 13.37% and a return on equity of 4.18%. On average, sell-side analysts expect that Centrais Elétricas Brasileiras S.A. - Eletrobrás will post 0.32 earnings per share for the current fiscal year.

Institutional Trading of Centrais Elétricas Brasileiras S.A. - Eletrobrás

Hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. grew its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 232.4% during the second quarter. Blue Trust Inc. now owns 5,748 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 4,019 shares in the last quarter. Signaturefd LLC grew its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 173.8% during the second quarter. Signaturefd LLC now owns 7,668 shares of the utilities provider's stock valued at $49,000 after acquiring an additional 4,867 shares in the last quarter. SG Americas Securities LLC grew its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 18.7% during the second quarter. SG Americas Securities LLC now owns 14,516 shares of the utilities provider's stock valued at $93,000 after acquiring an additional 2,284 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 26.0% during the third quarter. Sivia Capital Partners LLC now owns 12,798 shares of the utilities provider's stock valued at $93,000 after acquiring an additional 2,642 shares in the last quarter. Finally, First Affirmative Financial Network grew its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 34.3% during the second quarter. First Affirmative Financial Network now owns 19,815 shares of the utilities provider's stock valued at $127,000 after acquiring an additional 5,065 shares in the last quarter. 6.54% of the stock is owned by hedge funds and other institutional investors.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Company Profile

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.