A Reversal for Ultrapar Participações S.A. (UGP) Is Not Near. The Stock Reaches 52-Week Low Today

April 24, 2018 - By Stephen Andrade

Ultrapar Participações S.A. (NYSE:UGP) Logo

The stock of Ultrapar Participações S.A. (NYSE:UGP) hit a new 52-week low and has $16.95 target or 5.00 % below today’s $17.84 share price. The 8 months bearish chart indicates high risk for the $9.77B company. The 1-year low was reported on Apr, 24 by Barchart.com. If the $16.95 price target is reached, the company will be worth $488.65 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 2.14% or $0.39 during the last trading session, reaching $17.84. About 351,659 shares traded. Ultrapar Participações S.A. (NYSE:UGP) has declined 8.70% since April 24, 2017 and is downtrending. It has underperformed by 20.25% the S&P500.

Ultrapar Participações S.A., through its subsidiaries, engages in the liquefied petroleum gas distribution, fuel distribution, and related businesses. The company has market cap of $9.77 billion. It operates through five divisions: Gas Distribution, Fuel Distribution, Chemicals, Storage, and Drugstores. It has a 20.18 P/E ratio. The Gas Distribution segment distributes LPG to residential, commercial, and industrial consumers, as well as independent dealers, principally in the South, Southeast, and Northeast regions of Brazil.

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