Transportadora de Gas del Sur (NYSE:TGS) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Transportadora de Gas del Sur S.A. (NYSE:TGS)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $21.50 and traded as high as $29.49. Transportadora de Gas del Sur shares last traded at $28.97, with a volume of 99,082 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 6th.

Transportadora de Gas del Sur Price Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.64 and a current ratio of 2.67. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of 27.57 and a beta of 0.81. The business’s 50 day simple moving average is $26.68 and its 200-day simple moving average is $21.63.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. SPX Gestao de Recursos Ltda raised its stake in shares of Transportadora de Gas del Sur by 60.0% during the second quarter. SPX Gestao de Recursos Ltda now owns 185,512 shares of the energy company’s stock valued at $3,521,000 after purchasing an additional 69,556 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Transportadora de Gas del Sur by 101.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,440 shares of the energy company’s stock worth $26,000 after buying an additional 725 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Transportadora de Gas del Sur in the 3rd quarter worth approximately $349,000. Blue Trust Inc. boosted its holdings in shares of Transportadora de Gas del Sur by 97.2% in the third quarter. Blue Trust Inc. now owns 4,240 shares of the energy company’s stock valued at $80,000 after acquiring an additional 2,090 shares in the last quarter. Finally, Turim 21 Investimentos Ltda. acquired a new stake in shares of Transportadora de Gas del Sur in the second quarter valued at $514,000. Institutional investors and hedge funds own 3.29% of the company’s stock.

About Transportadora de Gas del Sur

Transportadora de Gas del Sur SA engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications.