Is Companhia de Saneamento Bsc DEDSP (SBS) a Stock to Watch After Gaining 6.47% This Week?

Companhia de Saneamento Bsc DEDSP (SBS) stock is higher by 6.47% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Companhia de Saneamento Bsc DEDSP has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SBS!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With SBS Stock Today?

Companhia de Saneamento Bsc DEDSP (SBS) stock has risen 0.95% while the S&P 500 has fallen -0.32% as of 12:09 PM on Friday, Dec 2. SBS has gained $0.11 from the previous closing price of $11.58 on volume of 635,422 shares. Over the past year the S&P 500 is down -9.96% while SBS has gained 94.51%. SBS earned $0.86 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 13.59. To screen for more stocks like Companhia de Saneamento Bsc DEDSP click here.

More About Companhia de Saneamento Bsc DEDSP

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 the market. The company operates in a single segment, which is Sanitation services. Click Here to get the full Stock Report for Companhia de Saneamento Bsc DEDSP stock.