Ultrapar Participações S.A. (NYSE:UGP - Get Free Report)'s stock price traded down 4.9% during mid-day trading on Friday . The company traded as low as $2.89 and last traded at $2.90. 1,351,013 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 1,484,075 shares. The stock had previously closed at $3.05.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered shares of Ultrapar Participações from a "buy" rating to a "hold" rating in a report on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Ultrapar Participações currently has an average rating of "Hold" and a consensus target price of $5.20.
View Our Latest Stock Report on UGP
Ultrapar Participações Price Performance
The firm has a market capitalization of $3.27 billion, a P/E ratio of 6.37, a price-to-earnings-growth ratio of 2.33 and a beta of 1.53. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.76. The firm has a 50 day moving average price of $3.50 and a 200-day moving average price of $3.93.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new position in shares of Ultrapar Participações during the third quarter valued at approximately $46,000. Freedom Investment Management Inc. bought a new position in Ultrapar Participações in the 3rd quarter valued at $48,000. Cutter & CO Brokerage Inc. purchased a new stake in Ultrapar Participações in the second quarter worth $57,000. D Orazio & Associates Inc. lifted its position in shares of 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 during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Ultrapar Participações by 567.5% during the second 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. 3.58% of the stock is owned by hedge funds and other institutional investors.
Ultrapar Participações Company Profile
(
Get Free Report)
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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