Engie Brasl Ega (OTCMKTS:EGIEY) Shares Gap Up – Here’s Why

Shares of Engie Brasl Ega (OTCMKTS:EGIEY) gapped up before the market opened on Tuesday . The stock had previously closed at $6.9750, but opened at $7.38. Engie Brasl Ega shares last traded at $6.9550, with a volume of 12,076 shares traded.

Engie Brasl Ega Price Performance

The firm has a market capitalization of $7.83 billion, a price-to-earnings ratio of 16.90 and a beta of 0.35. The company’s 50 day moving average is $6.79 and its 200 day moving average is $6.78. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.88.

Engie Brasl Ega (OTCMKTS:EGIEY) last posted its quarterly earnings data 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). Engie Brasl Ega had a net margin of 19.40% and a return on equity of 20.37%. The business had revenue of $634.73 million during the quarter, compared to the consensus estimate of $590.42 million. On average, equities research analysts anticipate that Engie Brasl Ega will post 0.59 earnings per share for the current fiscal year.

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.