Shares of Companhia de Saneamento Basico (NYSE:SBS) dropped 4.6% during trading on Wednesday , Market Beat Ratings reports. The stock traded as low as $4.31 and last traded at $4.34, with a volume of 624,816 shares. The stock had previously closed at $4.55.
Separately, Zacks lowered Companhia de Saneamento Basico from a “strong-buy” rating to a “sell” rating in a report on Wednesday, July 15th.
The company has a market capitalization of $2.93 billion and a price-to-earnings ratio of 14.30. The stock’s 50 day moving average is $4.16 and its 200-day moving average is $5.12.
Companhia de Saneamento Basico (NYSE:SBS) last issued its earnings results on Friday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.05. On average, equities research analysts expect that Companhia de Saneamento Basico will post $0.45 EPS for the current fiscal year.
Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP is a mixed capital business. The Business is engaged in the supply of environmental and fundamental sanitation services in the State of Sao Paulo, as well as it furnishes treated water and sewage services on a wholesale basis. The organization operates two segments: water supply and sewage services. It operates water and sewage services in approximately 364 municipalities of the State. The majority of these municipalities operations are based on 30-year program concession and services contracts. The business also provides advisory services on the reasonable use of preparation water and commercial management, fiscal and operating problems. The business is qualified to offer urban rainwater drainage and urban cleaning services, handle solid waste, sell power, perform other services, provide products and obtain advantages and rights that directly or indirectly result from its assets, operations and tasks, in Brazil or abroad.
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Fonte e Agradecimentos: http://dcprogressive.org/2015/10/22/companhia-de-saneamento-basico-trading-down-4-6-sbs/
