Engie Brasl Ega (OTCMKTS:EGIEY) Stock Price Down 8.3% – Here’s Why

Engie Brasl Ega (OTCMKTS:EGIEY)’s share price was down 8.3% during trading on Tuesday . The stock traded as low as $6.38 and last traded at $6.40. Approximately 4,853 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 43,377 shares. The stock had previously closed at $6.98.

Engie Brasl Ega Stock Down 9.0%

The company has a fifty day simple moving average of $6.83 and a 200 day simple moving average of $6.76. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $7.30 billion, a P/E ratio of 15.75 and a beta of 0.35.

Engie Brasl Ega (OTCMKTS:EGIEY) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.13 earnings per share (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 20.37%.

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.