Central Puerto’s (NYSE:CEPU) quiet period will end on Wednesday, March 14th. Central Puerto had issued 20,000,000 shares in its IPO on February 2nd. The total size of the offering was $330,000,000 based on an initial share price of $16.50. During the company’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Several equities research analysts have commented on the stock. JPMorgan Chase assumed coverage on shares of Central Puerto in a report on Friday, March 9th. They issued an “overweight” rating on the stock. Morgan Stanley assumed coverage on shares of Central Puerto in a report on Tuesday, February 27th. They issued an “overweight” rating on the stock.
Shares of CEPU stock traded down $0.19 during mid-day trading on Monday, hitting $16.81. 61,978 shares of the stock were exchanged, compared to its average volume of 274,728. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.99 and a quick ratio of 0.97. Central Puerto has a 52-week low of $15.61 and a 52-week high of $19.20.
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Central Puerto Company Profile
Central Puerto SA generates and sells electric power to private and public customers in Argentina. The company generates power through thermal, gas, and wind power plants with a total installed capacity of 3,791 MW. It also delivers steam to private customers through cogeneration cycles. The company was founded in 1989 and is based in Buenos Aires, Argentina.
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