Engie Brasl Ega (OTCMKTS:EGIEY) Shares Gap Down – What’s Next?

Engie Brasl Ega (OTCMKTS:EGIEY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $7.06, but opened at $6.67. Engie Brasl Ega shares last traded at $6.71, with a volume of 842 shares trading hands.

Engie Brasl Ega Stock Performance

The firm has a market cap of $7.82 billion, a P/E ratio of 16.88 and a beta of 0.32. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.12 and a current ratio of 1.54. The stock’s 50-day moving average is $6.96 and its 200 day moving average is $6.65.

Engie Brasl Ega (OTCMKTS:EGIEY) last announced its earnings results on Thursday, May 7th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The company had revenue of $634.73 million during the quarter, compared to analyst estimates of $590.42 million. Engie Brasl Ega had a return on equity of 19.64% and a net margin of 19.40%.

About Engie Brasl Ega

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.