Engie Brasl Ega (OTCMKTS:EGIEY) Shares Down 4.1% – Here’s Why

by · The Cerbat Gem

Shares of Engie Brasl Ega (OTCMKTS:EGIEY – Get Free Report) were down 4.1% on Wednesday . The stock traded as low as $7.88 and last traded at $7.88. Approximately 1,246 shares changed hands during trading, a decline of 98% from the average daily volume of 51,526 shares. The stock had previously closed at $8.22.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Engie Brasl Ega to a “strong sell” rating in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Get Our Latest Research Report on Engie Brasl Ega

Engie Brasl Ega Stock Performance

The stock has a market capitalization of $8.05 billion, a P/E ratio of 15.67 and a beta of 0.43. The stock has a 50 day moving average of $7.84 and a 200 day moving average of $7.64. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.42 and a current ratio of 1.42.

About Engie Brasl Ega

(Get Free Report)

Engie Brasil Energia SA, together with its subsidiaries, generates, sells, and trades in electrical energy in Brazil. The company operates 76 plants, including 11 hydroelectric power plants; 1 thermal power plants; 50 wind farms; 3 biomass; 9 photovoltaic and solar power plant; and 2 small hydroelectric plants.

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