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 Monday . The stock had previously closed at $6.98, but opened at $6.55. Engie Brasl Ega shares last traded at $6.50, with a volume of 3,561 shares.

Engie Brasl Ega Stock Down 6.1%

The business’s 50 day moving average is $6.81 and its 200-day moving average is $6.76. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $7.49 billion, a PE ratio of 16.16 and a beta of 0.35.

Engie Brasl Ega (OTCMKTS:EGIEY) last issued 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 firm had revenue of $634.73 million during the quarter, compared to analysts’ expectations of $590.42 million. Engie Brasl Ega had a return on equity of 20.37% 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.