Suzano (NYSE:SUZ) Sees Unusually-High Trading Volume

Shares of Suzano S.A. (NYSE:SUZ) saw unusually-strong trading volume on Tuesday . Approximately 3,048,271 shares traded hands during trading, an increase of 131% from the previous session’s volume of 1,317,880 shares.The stock last traded at $11.13 and had previously closed at $11.75.

Suzano Stock Performance

The company has a debt-to-equity ratio of 1.62, a current ratio of 2.61 and a quick ratio of 2.20. The business’s fifty day simple moving average is $11.97 and its 200 day simple moving average is $11.20. The stock has a market cap of $13.72 billion, a price-to-earnings ratio of 4.86 and a beta of 1.10.

Suzano (NYSE:SUZ) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.70 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.70. Suzano had a net margin of 35.19% and a return on equity of 33.35%. The business had revenue of $2.09 billion during the quarter. On average, research analysts predict that Suzano S.A. will post 10.59 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in Suzano by 16.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,798 shares of the company’s stock worth $100,000 after purchasing an additional 1,222 shares during the period. Aprio Wealth Management LLC acquired a new stake in Suzano in the fourth quarter worth approximately $134,000. QRG Capital Management Inc. bought a new position in Suzano during the 3rd quarter valued at $138,000. Advisor Partners II LLC increased its position in shares of Suzano by 23.9% during the 3rd quarter. Advisor Partners II LLC now owns 12,862 shares of the company’s stock valued at $138,000 after purchasing an additional 2,479 shares during the period. Finally, Ballentine Partners LLC bought a new stake in shares of Suzano in the 1st quarter worth $154,000. 2.55% of the stock is owned by institutional investors and hedge funds.

Suzano Company Profile

Suzano SA produces and sells eucalyptus pulp and paper products in Brazil and internationally. It operates through Pulp and Paper segments. The company offers coated and uncoated printing and writing papers, paperboards, tissue papers, and market and fluff pulps; and lignin. It also engages in the research, development, and production of biofuel; operation of port terminals; power generation and distribution business; commercialization of equipment and parts; industrialization, commercialization, and exporting of pulp and standing wood; road freight transport; biotechnology research and development; and commercialization of paper and computer materials.