Ultrapar Participações (NYSE:UGP) Hits New 12-Month Low - Should You Sell?

Ultrapar Participações S.A. (NYSE:UGP - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $2.80 and last traded at $2.81, with a volume of 2266942 shares. The stock had previously closed at $2.93.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Ultrapar Participações from a "buy" rating to a "hold" rating in a research report on Wednesday, November 13th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $5.20.

Ultrapar Participações Price Performance

The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.76. The company has a 50 day simple moving average of $3.43 and a 200-day simple moving average of $3.89. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 6.37, a PEG ratio of 2.46 and a beta of 1.53.

Hedge Funds Weigh In On Ultrapar Participações

Several institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC bought a new stake in shares of Ultrapar Participações during the third quarter valued at about $46,000. Freedom Investment Management Inc. bought a new position in shares of Ultrapar Participações in the third quarter valued at approximately $48,000. Cutter & CO Brokerage Inc. acquired a new position in shares of Ultrapar Participações during the second quarter valued at approximately $57,000. D Orazio & Associates Inc. raised its holdings in Ultrapar Participações by 30.3% during the second quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company's stock worth $59,000 after purchasing an additional 3,498 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Ultrapar Participações by 567.5% during the 2nd quarter. Blue Trust Inc. now owns 15,833 shares of the oil and gas company's stock valued at $62,000 after purchasing an additional 13,461 shares during the period. Institutional investors own 3.58% of the company's stock.

Ultrapar Participações Company Profile

Ultrapar Participações SA, through its subsidiaries, operates in the energy and infrastructure business in Brazil. The company distributes liquefied petroleum gas to residential, commercial, and industrial consumers, in addition to renewable electricity and compressed natural gas. It also operates in the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants; and holds AmPm convenience stores and provides JetOil lubricant services.

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