Engie Brasl Ega (OTCMKTS:EGIEY) Shares Gap Down – Time to Sell?

Engie Brasl Ega (OTCMKTS:EGIEY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $5.73, but opened at $5.34. Engie Brasl Ega shares last traded at $5.80, with a volume of 1,678 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of Engie Brasl Ega to a “strong sell” rating in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Engie Brasl Ega has a consensus rating of “Sell”.

Engie Brasl Ega Stock Down 0.3%

The firm has a market cap of $6.52 billion, a price-to-earnings ratio of 12.49 and a beta of 0.27. The firm has a 50 day moving average of $7.45 and a 200 day moving average of $7.54. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.95.

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.