Engie Brasl Ega (OTCMKTS:EGIEY) Shares Gap Up – Here’s Why

Engie Brasl Ega (OTCMKTS:EGIEY) gapped up prior to trading on Friday . The stock had previously closed at $8.22, but opened at $8.60. Engie Brasl Ega shares last traded at $8.2550, with a volume of 10,121 shares trading hands.

Analysts Set New Price Targets

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

Engie Brasl Ega Price Performance

The business’s 50 day moving average price is $7.63 and its 200 day moving average price is $7.55. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $6.75 billion, a P/E ratio of 13.13 and a beta of 0.43.

About Engie Brasl Ega

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.