Engie Brasl Ega (OTCMKTS:EGIEY) Stock Price Down 7.4% – Should You Sell?

Engie Brasl Ega (OTCMKTS:EGIEY)’s stock price was down 7.4% during trading on Thursday . The company traded as low as $6.65 and last traded at $6.65. Approximately 304 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 46,433 shares. The stock had previously closed at $7.18.

Engie Brasl Ega Stock Performance

The company has a market cap of $7.63 billion, a P/E ratio of 16.46 and a beta of 0.32. The company has a quick ratio of 1.12, a current ratio of 1.54 and a debt-to-equity ratio of 1.92. The stock’s 50-day moving average price is $6.97 and its 200 day moving average price is $6.65.

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). Engie Brasl Ega had a net margin of 19.40% and a return on equity of 19.64%. The firm had revenue of $634.73 million during 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.