Engie Brasl Ega (OTCMKTS:EGIEY) Stock Passes Below 50-Day Moving Average – Here’s Why

Shares of Engie Brasl Ega (OTCMKTS:EGIEY) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $6.49 and traded as low as $5.84. Engie Brasl Ega shares last traded at $5.84, with a volume of 25,520 shares traded.

Engie Brasl Ega Stock Up 1.7%

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 stock has a market capitalization of $6.79 billion, a P/E ratio of 14.64 and a beta of 0.31. The stock’s 50 day simple moving average is $6.48 and its 200 day simple moving average is $6.58.

Engie Brasl Ega (OTCMKTS:EGIEY) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.02). The company had revenue of $634.73 million for 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.