CENTRAIS ELETRI/S (NYSE:EBR) Sees Unusually-High Trading Volume

CENTRAIS ELETRI/S (NYSE:EBR) saw unusually-strong trading volume on Thursday . Approximately 105,469 shares changed hands during trading, a decline of 67% from the previous session’s volume of 317,523 shares.The stock last traded at $11.22 and had previously closed at $11.04.

Separately, ValuEngine downgraded CENTRAIS ELETRI/S from a “buy” rating to a “hold” rating in a report on Thursday, August 1st.

The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.44 and a current ratio of 1.48. The stock has a 50-day moving average of $10.27 and a 200-day moving average of $9.28.



A number of hedge funds have recently made changes to their positions in the business. FDx Advisors Inc. boosted its position in CENTRAIS ELETRI/S by 5.3% during the 2nd quarter. FDx Advisors Inc. now owns 20,592 shares of the utilities provider’s stock worth $188,000 after acquiring an additional 1,041 shares during the period. Acadian Asset Management LLC acquired a new position in CENTRAIS ELETRI/S during the 2nd quarter worth $36,000. Russell Investments Group Ltd. boosted its position in CENTRAIS ELETRI/S by 4.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 222,269 shares of the utilities provider’s stock worth $2,027,000 after acquiring an additional 9,144 shares during the period. Wrapmanager Inc. acquired a new position in CENTRAIS ELETRI/S during the 2nd quarter worth $101,000. Finally, F3Logic LLC acquired a new position in CENTRAIS ELETRI/S during the 2nd quarter worth $105,000. Institutional investors own 0.72% of the company’s stock.

About CENTRAIS ELETRI/S (NYSE:EBR)

Centrais Elétricas Brasileiras SA – Eletrobras, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Brazil. The company generates electricity through thermal, nuclear, wind, and hydroelectric plants. As of December 31, 2017, it owned and operated 44 hydroelectric plants and held interests in various other plants with a total installed capacity of 42,350 Megawatts (MW); 112 thermal plants, including coal, and oil and gas power generation units with an installed capacity of 2,646 MW; and 2 nuclear power plants with an installed capacity of 1,990 MW.

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