Engie Brasl Ega (OTCMKTS:EGIEY) Trading Down 9.5% – Time to Sell?

Engie Brasl Ega (OTCMKTS:EGIEY) shares fell 9.5% on Wednesday . The company traded as low as $6.52 and last traded at $6.55. Approximately 3,451 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 48,634 shares. The stock had previously closed at $7.24.

Engie Brasl Ega Stock Performance

The firm has a market cap of $7.16 billion, a P/E ratio of 15.45 and a beta of 0.31. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.92. The company’s 50-day moving average is $6.88 and its two-hundred day moving average is $6.54.

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

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.