Engie Brasl Ega (OTCMKTS:EGIEY) Shares Down 7.4% – Here’s What Happened

Engie Brasl Ega (OTCMKTS:EGIEY) shares fell 7.4% during trading on Thursday . The company traded as low as $6.65 and last traded at $6.65. 304 shares were traded during mid-day trading, a decline of 99% from the average session volume of 46,433 shares. The stock had previously closed at $7.18.

Engie Brasl Ega Price Performance

The stock has a market cap of $7.85 billion, a PE ratio of 16.95 and a beta of 0.32. 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 business has a fifty day moving average of $6.95 and a 200 day moving average of $6.66.

Engie Brasl Ega (OTCMKTS:EGIEY) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.13 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 analysts’ expectations of $590.42 million.

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.