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

Engie Brasl Ega (OTCMKTS:EGIEY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $7.08, but opened at $6.5812. Engie Brasl Ega shares last traded at $6.6140, with a volume of 1,376 shares trading hands.

Engie Brasl Ega Price Performance

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 50-day simple moving average of $7.00 and a 200 day simple moving average of $6.62. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 16.14 and a beta of 0.32.

Engie Brasl Ega (OTCMKTS:EGIEY) last posted 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). Engie Brasl Ega had a return on equity of 19.64% and a net margin of 19.40%.The company had revenue of $634.73 million during the quarter, compared to analysts’ expectations of $590.42 million.

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.