Transportadora de Gas del Sur (NYSE:TGS) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Transportadora de Gas del Sur S.A. (NYSE:TGS)’s share price passed 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 trading hands.

Wall Street Analyst Weigh In

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

Transportadora de Gas del Sur Trading Up 0.8 %

The company has a debt-to-equity ratio of 0.24, a current ratio of 2.67 and a quick ratio of 2.64. The company has a market capitalization of $4.36 billion, a P/E ratio of 26.82 and a beta of 0.80. The company has a fifty day simple moving average of $26.33 and a two-hundred day simple moving average of $21.50.

Hedge Funds Weigh In On Transportadora de Gas del Sur

Several large investors have recently made changes to their positions in TGS. GAMMA Investing LLC increased its stake in Transportadora de Gas del Sur by 101.4% during the third quarter. GAMMA Investing LLC now owns 1,440 shares of the energy company’s stock valued at $26,000 after acquiring an additional 725 shares during the period. Blue Trust Inc. grew its holdings in shares of Transportadora de Gas del Sur by 97.2% in the 3rd quarter. Blue Trust Inc. now owns 4,240 shares of the energy company’s stock worth $80,000 after purchasing an additional 2,090 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Transportadora de Gas del Sur in the 3rd quarter worth about $190,000. Centiva Capital LP bought a new position in Transportadora de Gas del Sur during the 3rd quarter valued at about $251,000. Finally, XTX Topco Ltd acquired a new position in Transportadora de Gas del Sur in the third quarter valued at about $349,000. Institutional investors and hedge funds own 3.29% of the company’s stock.

Transportadora de Gas del Sur Company Profile

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.