Suzano S.A. (NYSE:SUZ - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 1,047,095 shares changed hands during trading, a decline of 43% from the previous session's volume of 1,822,317 shares.The stock last traded at $10.25 and had previously closed at $10.04.
Suzano Stock Up 3.1 %
The company has a debt-to-equity ratio of 1.92, a current ratio of 2.17 and a quick ratio of 1.70. The stock has a market capitalization of $13.70 billion, a P/E ratio of 16.43 and a beta of 0.98. The stock's fifty day moving average is $10.14 and its two-hundred day moving average is $9.81.
Institutional Investors Weigh In On Suzano
Several hedge funds have recently modified their holdings of SUZ. Janus Henderson Group PLC lifted its position in shares of Suzano by 44.0% in the 1st quarter. Janus Henderson Group PLC now owns 647,950 shares of the company's stock valued at $8,278,000 after acquiring an additional 198,068 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. purchased a new stake in shares of Suzano in the second quarter valued at $1,097,000. Deltec Asset Management LLC acquired a new stake in shares of Suzano in the second quarter worth $675,000. Van ECK Associates Corp grew its holdings in shares of Suzano by 26.1% during the second quarter. Van ECK Associates Corp now owns 53,403 shares of the company's stock valued at $548,000 after buying an additional 11,059 shares in the last quarter. Finally, Waterfront Wealth Inc. raised its position in Suzano by 23.2% during the second quarter. Waterfront Wealth Inc. now owns 278,290 shares of the company's stock valued at $2,858,000 after buying an additional 52,334 shares during the period. 2.55% of the stock is owned by hedge funds and other institutional investors.
About Suzano
(
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Suzano SA produces and sells eucalyptus pulp and paper products in Brazil and internationally. It operates through Pulp and Paper segments. The company offers coated and uncoated printing and writing papers, paperboards, tissue papers, and market and fluff pulps; and lignin. It also engages in the research, development, and production of biofuel; operation of port terminals; power generation and distribution business; commercialization of equipment and parts; industrialization, commercialization, and exporting of pulp and standing wood; road freight transport; biotechnology research and development; and commercialization of paper and computer materials.
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