Companhia de Saneamento Basico do Estado de Sao Paulo (SBS) saw downtrend of -1.68% in the recent, registering $8.18 being its most recent bid. The distance of current price level is -45.08% lower than the highest price of $14.89 marked by the stock while trading over the past 52-weeks, whereas it is 52.67% higher than the lowest price of $5.36 the company dropped to over past 52-weeks. The latest news story on SBS appeared in PR Newswire under the title “Sabesp – Material Fact” on Sep-25-20.
Squeezing the time span to 30 day period shows us the stock currently buoying -10.50% below one month high and is +3.41% above of the lowest during that time. Looking into the simple moving average, Companhia de Saneamento Basico do Estado de Sao Paulo (SBS)’s stock is currently standing at a SMA-50 of $9.03 while that of 5-day is reading $8.28.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and SBS’s SMA-200 at this time is reading $10.30.
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $4.43 billion.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). Institutions currently hold 683.51 million of SBS’s outstanding shares. That indicates a holding of about 12.60% or $2151.34 of worth by institutional holders in the company.
As on Jun 29, 2020, Impax Asset Management Group Plc was the top most holder in Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS) with an ownership of 11.58 million shares of the company or 8.46% of the stake worth $121.67 million. The filing also reveals Nordea Investment Management Ab as the second largest holder in the company with a control over 6.18% of the stake or worth of $88.82 million for having 8.45 million shares in hand.
Renaissance Technologies, LLC also came increasing its position in the company during the recent quarter and it now holds 5.76% of the outstanding shares. With this there are now 263 institutions which have been in possession of SBS’s shares.
Investors are for sure keenly observing the recommendations of analysts at Wall Street about the Companhia de Saneamento Basico do Estado de Sao Paulo And review of current evaluations agreed by the analysts discloses a Buy rating for SBS. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.00 for the stock. Lower value of between 1 and 2 implies a Buy recommendation whereas the value in the range of above 4 suggests Hold while below 1 recommends the investors to Sell the stock. Currently, the stock has been recommended as Moderate Buy by 13 of the Wall Street analysts.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, liquidity recorded by Companhia de Saneamento Basico do Estado de Sao Paulo was 0.76 while posting a debt to equity ratio of 0.77. The count was 48.00 for long-term debt to equity ratio.
Company attained a return on equity (ROE) of 9.30% in past 12 months against the same posted by peer companies of the relevant industry. The rising figure indicates that SBS came strengthening itself from within over the past one year. A comparison of company’s ROE with that of the Utilities – Regulated Water industry and with the broader scale at the Utilities sector level shows that industry’s average ROE is 8.30.
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term average volume of a stock is an effective way to make use of. When looking into those indicators for Companhia de Saneamento Basico do Estado de Sao Paulo (SBS), we notice that the stock’s 20-day average volume is at 1,300,965 shares and 100% of that short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Sell with its 50-day average volume of 1,270,136 shares. And to end with, SBS’s 100-day average volume are 1,398,066 shares with 100% of the long-term indicators pointing towards Sell for the stock.