Transportadora de Gas del Sur (NYSE:TGS) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Transportadora de Gas del Sur S.A. (NYSE:TGS)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $23.06 and traded as high as $29.13. Transportadora de Gas del Sur shares last traded at $28.35, with a volume of 351,590 shares trading hands.

Analyst Ratings Changes

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

Transportadora de Gas del Sur Price Performance

The stock’s 50 day moving average price is $29.34 and its 200-day moving average price is $23.06. The company has a quick ratio of 2.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.24.

Hedge Funds Weigh In On Transportadora de Gas del Sur

A number of large investors have recently bought and sold shares of TGS. TT International Asset Management LTD boosted its position in shares of Transportadora de Gas del Sur by 17.3% during the third quarter. TT International Asset Management LTD now owns 1,279,321 shares of the energy company’s stock valued at $23,462,000 after purchasing an additional 188,268 shares in the last quarter. SPX Gestao de Recursos Ltda boosted its position in shares of Transportadora de Gas del Sur by 60.0% during the second quarter. SPX Gestao de Recursos Ltda now owns 185,512 shares of the energy company’s stock valued at $3,521,000 after buying an additional 69,556 shares during the last quarter. Turim 21 Investimentos Ltda. bought a new stake in Transportadora de Gas del Sur in the 2nd quarter worth about $514,000. Jane Street Group LLC purchased a new position in Transportadora de Gas del Sur in the 3rd quarter worth about $481,000. Finally, XTX Topco Ltd bought a new position in Transportadora de Gas del Sur during the 3rd quarter valued at about $349,000. 3.29% of the stock is owned by hedge funds and other institutional investors.

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.