Ultrapar Participacoes SA (UGP) Sees Strong Trading Volume
Ultrapar Participacoes SA (NYSE:UGP) shares saw an uptick in trading volume on Friday . 663,749 shares were traded during mid-day trading, an increase of 4% from the previous session’s volume of 639,388 shares.The stock last traded at $22.91 and had previously closed at $22.97.
Separately, Zacks Investment Research lowered shares of Ultrapar Participacoes SA from a “buy” rating to a “hold” rating in a report on Wednesday, May 18th.
The company has a market cap of $12.31 billion and a PE ratio of 26.05. The company has a 50-day moving average of $22.70 and a 200 day moving average of $20.05.
The business also recently disclosed a dividend, which will be paid on Tuesday, September 6th. Investors of record on Monday, August 22nd will be paid a $0.255 dividend. The ex-dividend date is Thursday, August 18th.
Ultrapar Participacoes SA is a Brazil-based holding company that operates in four segments: fuel distribution through Ipiranga; chemicals through Oxiteno; Liquefied Petroleum Gas (LPG) distribution through Ultragaz; and logistics for liquid bulk through Ultracargo. Ipiranga is a fuel distributor in Brazil, with a network of service stations, providing diesel, gasoline, ethanol, natural gas for vehicles, fuel oil and kerosene, besides lubricants.
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