Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Sees Large Outflow of Money

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (1.49 million) in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS). On Wednesday, The value of composite uptick trades was $0.61 million, whereas, the value of composite downtick trades was $2.1 million and the ratio between the two was 0.29, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $1.81 million. $0.2 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.11. The negative money flow of ($1.61 million) shows selling on strength. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) gained $0.29 intraday at $8.99 and registrered 3.33% for the week.

Companhia

Currently the company Insiders own 1% of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp shares according to the proxy statements. Institutional Investors own 17.11% of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp shares.

The company shares have rallied 69.92% from its 1 Year high price. On Jun 28, 2016, the shares registered one year high at $8.72 and the one year low was seen on Sep 24, 2015. The 50-Day Moving Average price is $7.80 and the 200 Day Moving Average price is recorded at $6.29. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.82 and $8.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.90, notching a gain of 2.30% for the day. The total traded volume was 3,201,509 . The stock had closed at $8.70 on the previous day.

Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP is a mixed capital company. The Company is engaged in the provision of basic and environmental sanitation services in the State of Sao Paulo, as well as it supplies treated water and sewage services on a wholesale basis. The Company operates two segments: water supply and sewage services. It operates water and sewage services in approximately 364 municipalities of the State of Sao Paulo. Most of these municipalities operations are based on 30-year concession, program and services contracts. The Company also provides advisory services on the rational use of water, planning and commercial management, financial and operating issues. The Company is qualified to provide urban rainwater drainage and urban cleaning services, handle solid waste, sell power, perform other services, provide products and obtain benefits and rights that directly or indirectly result from its assets, operations and activities, in Brazil or abroad.

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