Engie Brasl Ega (OTCMKTS:EGIEY) Shares Down 8.3% – Here’s Why

Shares of Engie Brasl Ega (OTCMKTS:EGIEY) dropped 8.3% during mid-day trading on Tuesday . The company traded as low as $6.38 and last traded at $6.40. Approximately 4,853 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 43,377 shares. The stock had previously closed at $6.98.

Engie Brasl Ega Stock Up 2.1%

The firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of 16.26 and a beta of 0.35. The business’s 50-day moving average is $6.84 and its two-hundred day moving average is $6.75. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.12 and a current ratio of 1.12.

Engie Brasl Ega (OTCMKTS:EGIEY) last posted its earnings results on Thursday, May 7th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $634.73 million during the quarter, compared to analyst estimates of $590.42 million.

Engie Brasl Ega Company Profile

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.