Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.56 and traded as low as $6.09. Centrais Elétricas Brasileiras S.A. – Eletrobrás shares last traded at $6.15, with a volume of 640,211 shares trading hands.

Analyst Ratings Changes

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

Centrais Elétricas Brasileiras S.A. – Eletrobrás Trading Up 1.9 %

The stock’s 50-day simple moving average is $5.87 and its 200 day simple moving average is $6.56. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 2.04.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend

The firm also recently declared a — dividend, which was paid on Tuesday, January 21st. Shareholders of record on Monday, December 30th were paid a $0.1414 dividend. This represents a yield of 1%. The ex-dividend date of this dividend was Monday, December 30th.

Institutional Trading of Centrais Elétricas Brasileiras S.A. – Eletrobrás

A number of institutional investors have recently bought and sold shares of EBR. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the 3rd quarter worth about $4,338,000. Kapitalo Investimentos Ltda acquired a new stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás during the third quarter worth approximately $1,600,000. Main Management ETF Advisors LLC purchased a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the 3rd quarter worth approximately $926,000. Sanctuary Advisors LLC acquired a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 4th quarter valued at $517,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 3rd quarter valued at $433,000. 2.64% of the stock is owned by hedge funds and other institutional investors.

About Centrais Elétricas Brasileiras S.A. – Eletrobrás

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.