SBS - Shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp American Depositary Shares (Each repstg 250) (SBS) Have Risen Above Previous 52-Week High
Shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp American Depositary Shares (Each repstg 250) (NYSE:SBS) traded today at $8.90, eclipsing its 52-week high. This new high was reached on below average trading volume as 215,000 shares traded hands, while the average 30-day volume is approximately 2.2 million shares.
Companhia De Saneamento Basico Do Estado De Sao Paulo is Brazilian water and waste management company. SABESP is one of the largest waste management companies in the world, and the state of Sao Paulo is the company's majority stakeholder. The company generates revenue through exclusive long-term agreements with municipal governments. It is not uncommon for SABESP to serve the vast majority of a market. The company operates in a single segment, which is Sanitation services.
Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp American Depositary Shares (Each repstg 250) share prices have moved between a 52-week high of $8.90 and a 52-week low of $5.76 and are now trading 55% above that low price at $8.90 per share.
Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp American Depositary Shares (Each repstg 250) (NYSE:SBS) defies analysts with a current price ($8.90) 65.1% above its average consensus price target of $3.11.
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