Engie Brasl Ega (OTCMKTS:EGIEY) Shares Gap Down – Should You Sell?
by Danessa Lincoln · The Markets DailyEngie Brasl Ega (OTCMKTS:EGIEY – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $7.06, but opened at $6.67. Engie Brasl Ega shares last traded at $6.71, with a volume of 842 shares changing hands.
Engie Brasl Ega Stock Down 5.6%
The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 16.70 and a beta of 0.32. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.12 and a current ratio of 1.12. The business’s 50 day moving average is $6.91 and its 200 day moving average is $6.67.
Engie Brasl Ega (OTCMKTS:EGIEY – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). Engie Brasl Ega had a return on equity of 20.37% and a net margin of 19.40%.The company had revenue of $634.73 million during the quarter, compared to analysts’ expectations of $590.42 million.
About Engie Brasl Ega
Engie Brasil Energia SA is a leading independent power producer in Brazil, focusing on the generation, sale and commercialization of electricity. The company’s diversified portfolio includes hydroelectric plants, gas-fired and biomass-fueled thermal facilities, as well as onshore wind farms and solar installations. Through a mix of long-term power purchase agreements and spot market transactions, Engie Brasil serves both regulated and free-market customers, including industrial, commercial and residential consumers.
Beyond core electricity generation, Engie Brasil offers a suite of energy solutions and services such as plant operation and maintenance, technical consulting, and energy efficiency programs.