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

Engie Brasl Ega (OTCMKTS:EGIEY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $7.08, but opened at $6.5812. Engie Brasl Ega shares last traded at $6.6140, with a volume of 1,376 shares traded.

Engie Brasl Ega Trading Down 7.5%

The company has a debt-to-equity ratio of 1.92, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market cap of $7.48 billion, a P/E ratio of 16.14 and a beta of 0.32. The company’s 50 day moving average is $7.00 and its two-hundred day moving average is $6.62.

Engie Brasl Ega (OTCMKTS:EGIEY) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). Engie Brasl Ega had a return on equity of 19.64% and a net margin of 19.40%.The business had revenue of $634.73 million for the quarter, compared to the consensus estimate 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.