Engie Brasl Ega (OTCMKTS:EGIEY) Stock Price Down 4.9% – Here’s What Happened

Engie Brasl Ega (OTCMKTS:EGIEY) shares traded down 4.9% during trading on Thursday . The company traded as low as $6.66 and last traded at $6.73. 3,887 shares changed hands during trading, a decline of 92% from the average session volume of 47,009 shares. The stock had previously closed at $7.08.

Engie Brasl Ega Price Performance

The business has a 50-day simple moving average of $7.03 and a 200 day simple moving average of $6.60. The firm has a market cap of $8.05 billion, a P/E ratio of 17.38 and a beta of 0.32. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.54 and a current ratio of 1.54.

Engie Brasl Ega (OTCMKTS:EGIEY) last released 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). The business had revenue of $634.73 million for the quarter, compared to the consensus estimate of $590.42 million. Engie Brasl Ega had a net margin of 19.40% and a return on equity of 19.64%.

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.