Equatorial Energia (OTCMKTS:EQUEY) Trading Down 3.8% – Here’s Why

by · The Markets Daily

Equatorial Energia S.A. (OTCMKTS:EQUEY – Get Free Report) was down 3.8% during trading on Friday . The company traded as low as $7.25 and last traded at $7.25. 150 shares traded hands during trading, a decline of 96% from the average daily volume of 4,213 shares. The stock had previously closed at $7.5350.

Equatorial Energia Stock Down 3.8%

The stock’s fifty day moving average is $7.52 and its two-hundred day moving average is $7.86.

Equatorial Energia Company Profile

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Equatorial Energia SA, trading on the OTC market under the symbol EQUEY, is a Brazilian energy holding company headquartered in São Luís, Maranhão. Founded in 1998, the company has grown through strategic acquisitions and concession awards to become one of the leading electricity distributors in northern Brazil. Its core business encompasses the distribution of electric power, which represents the bulk of its operations.

Equatorial’s distribution network serves over eight million customers across eight Brazilian states, including Maranhão, Pará, Piauí and Amazonas.

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