Ultrapar Participacoes (NYSE:UGP) Stock Falls 10% In a Month: But Why?

As more and more companies report their earnings for the third fiscal quarter, it is perhaps time for investors to also start looking closely into some of the companies which reported their results recently.

Market Stats

On Wednesday, UGP stock closed lower by 0.83% at $2.38 with more than 979K shares, compared to its average volume of 1.50 million shares. The stock has moved within a range of $2.3700 – 2.4300 after opening the trade at $2.40.

Last week, it was Ultrapar Participacoes (NYSE:UGP) which reported its financial results for the third fiscal quarter and it did not turn out to be a particularly strong performance. Before taking a look at some of the highlights from the company’s earnings report, it should be noted by investors that the Ultrapar Participacoes has performed poorly in recent times and over the course of the past month it has tanked by as much as 10%.

The company’s earnings in the third fiscal quarter did not meet analysts’ projections but on the other hand, the revenues surpassed projections. On revenues of 5.68 billion, the company managed to bring in earnings per share of as much as $0.0311.

However, analysts had projected earnings of $.035 per share against revenues of as much as 5.39 billion. Despite the latest situation with the stock, it might be a good idea for investors to keep an eye on the stock nonetheless and see if the trend reverses.

Traders Corner

UGP stock is trading below the 20-Day and 50-Day Moving averages of $2.43 and $2.63 respectively. Moreover, the stock is trading below the 200-Day moving average of $3.39. The stock is down 10% in the past month.