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

Engie Brasl Ega (OTCMKTS:EGIEY) shares gapped down before the market opened on Thursday . The stock had previously closed at $7.07, but opened at $6.58. Engie Brasl Ega shares last traded at $6.63, with a volume of 39,449 shares traded.

Engie Brasl Ega Price Performance

The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.54 and a current ratio of 1.54. The company has a 50-day moving average of $7.05 and a 200-day moving average of $6.54. The stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of 16.27 and a beta of 0.32.

Engie Brasl Ega (OTCMKTS:EGIEY) last announced its 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). The company had revenue of $634.73 million for the quarter, compared to analyst estimates of $590.42 million. Engie Brasl Ega had a net margin of 19.40% and a return on equity of 19.64%.

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.