Compañía Cervecerías Unidas (NYSE:CCU) Reaches New 52-Week Low at $9.90

Compañía Cervecerías Unidas S.A. (NYSE:CCUGet Rating) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $9.90 and last traded at $9.90, with a volume of 724 shares changing hands. The stock had previously closed at $10.09.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Compañía Cervecerías Unidas from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $17.00.

Compañía Cervecerías Unidas Price Performance

The firm has a market cap of $1.83 billion, a P/E ratio of 8.48, a price-to-earnings-growth ratio of 0.93 and a beta of 0.83. The company has a current ratio of 2.14, a quick ratio of 1.47 and a debt-to-equity ratio of 0.72. The business has a 50-day moving average of $11.01 and a two-hundred day moving average of $12.70.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Investors Research Corp grew its position in Compañía Cervecerías Unidas by 2.6% during the 1st quarter. Investors Research Corp now owns 37,975 shares of the company’s stock worth $568,000 after acquiring an additional 950 shares during the last quarter. UBS Group AG lifted its holdings in Compañía Cervecerías Unidas by 2.2% during the 2nd quarter. UBS Group AG now owns 61,759 shares of the company’s stock worth $780,000 after buying an additional 1,348 shares during the period. MQS Management LLC lifted its holdings in Compañía Cervecerías Unidas by 16.3% during the 2nd quarter. MQS Management LLC now owns 11,874 shares of the company’s stock worth $150,000 after buying an additional 1,664 shares during the period. Advisor Group Holdings Inc. acquired a new position in Compañía Cervecerías Unidas during the 1st quarter worth about $26,000. Finally, American Century Companies Inc. lifted its holdings in Compañía Cervecerías Unidas by 12.3% during the 1st quarter. American Century Companies Inc. now owns 26,174 shares of the company’s stock worth $392,000 after buying an additional 2,861 shares during the period. Institutional investors own 17.89% of the company’s stock.

Compañía Cervecerías Unidas Company Profile

(Get Rating)

Compañía Cervecerías Unidas SA operates as a beverage company in Chile, Argentina, Bolivia, Colombia, Paraguay, and Uruguay. The company operates through three segments: Chile, International Business, and Wine. It produces and sells alcoholic and non-alcoholic beer under proprietary and licensed brands, as well as distributes Pernod Ricard products in non-supermarket retail stores.

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