Ultrapar Participacoes (UGP) Lowered to “Hold” at Zacks Investment Research
Ultrapar Participacoes (NYSE:UGP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.
According to Zacks, “Ultrapar Participacoes S.A., a major Brazilian industrial group, is one of the largest distributors of liquefied petroleum gas in Brazil and a leading producer of petrochemicals and chemical. Ultrapar is also engaged in the storage and transportation of liquefied petroleum gas and petrochemical and chemical products. (PRESS RELEASE) “
Shares of Ultrapar Participacoes (NYSE UGP) traded up $0.07 during trading hours on Friday, reaching $24.05. 600,756 shares of the company’s stock traded hands, compared to its average volume of 435,089. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.98 and a current ratio of 2.51. Ultrapar Participacoes has a 1 year low of $20.09 and a 1 year high of $25.39. The company has a market cap of $13,270.00, a P/E ratio of 26.43 and a beta of 1.05.
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Ultrapar Participacoes Company Profile
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