Transportadora de Gas del Sur S.A. (NYSE:TGS - Get Free Report)'s stock price dropped 6.2% on Friday . The company traded as low as $26.68 and last traded at $26.34. Approximately 104,498 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 352,917 shares. The stock had previously closed at $28.09.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of Transportadora de Gas del Sur from a "strong-buy" rating to a "buy" rating in a report on Wednesday, November 6th.
Read Our Latest Stock Analysis on TGS
Transportadora de Gas del Sur Stock Down 2.0 %
The firm has a market capitalization of $3.90 billion, a PE ratio of 23.97 and a beta of 0.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.64 and a current ratio of 2.67. The company has a fifty day moving average price of $29.27 and a 200-day moving average price of $24.15.
Hedge Funds Weigh In On Transportadora de Gas del Sur
Several institutional investors have recently made changes to their positions in TGS. TT International Asset Management LTD boosted its position in Transportadora de Gas del Sur by 17.3% in the 3rd quarter. TT International Asset Management LTD now owns 1,279,321 shares of the energy company's stock worth $23,462,000 after purchasing an additional 188,268 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Transportadora de Gas del Sur during the 4th quarter valued at approximately $5,246,000. Jane Street Group LLC acquired a new stake in shares of Transportadora de Gas del Sur during the third quarter valued at about $481,000. XTX Topco Ltd purchased a new stake in Transportadora de Gas del Sur during the third quarter worth about $349,000. Finally, Centiva Capital LP acquired a new position in Transportadora de Gas del Sur during the 3rd quarter worth $251,000. Hedge funds and other institutional investors own 3.29% of the company's stock.
About Transportadora de Gas del Sur
(
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Transportadora de Gas del Sur SA engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications.
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