Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Hits New 52-Week Low – Here’s What Happened

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) shares reached a new 52-week low during trading on Friday . The stock traded as low as $5.56 and last traded at $5.56, with a volume of 22154 shares traded. The stock had previously closed at $6.01.

Analyst Ratings Changes

A number of equities research analysts have issued reports on EBR shares. StockNews.com upgraded Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 8th. Hsbc Global Res raised Centrais Elétricas Brasileiras S.A. – Eletrobrás to a “strong-buy” rating in a research report on Tuesday, October 15th.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Trading Down 5.0 %

The company’s 50 day moving average price is $6.62 and its two-hundred day moving average price is $6.91. The company has a quick ratio of 2.04, a current ratio of 2.06 and a debt-to-equity ratio of 0.47.

Institutional Investors Weigh In On Centrais Elétricas Brasileiras S.A. – Eletrobrás

Several hedge funds and other institutional investors have recently modified their holdings of the business. Signaturefd LLC grew its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 22.0% in the 3rd quarter. Signaturefd LLC now owns 9,353 shares of the utilities provider’s stock valued at $68,000 after acquiring an additional 1,685 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of 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 purchasing an additional 2,284 shares during the period. Sivia Capital Partners LLC grew its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 26.0% in the third quarter. Sivia Capital Partners LLC now owns 12,798 shares of the utilities provider’s stock worth $93,000 after purchasing an additional 2,642 shares during the last quarter. Metis Global Partners LLC increased its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 12.3% in the 3rd quarter. Metis Global Partners LLC now owns 36,010 shares of the utilities provider’s stock worth $260,000 after buying an additional 3,934 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 232.4% during the 2nd quarter. Blue Trust Inc. now owns 5,748 shares of the utilities provider’s stock valued at $37,000 after buying an additional 4,019 shares in the last quarter. 6.54% of the stock is currently 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.