Engie Brasl Ega (OTCMKTS:EGIEY) Trading Down 4.9% – Here’s What Happened

Engie Brasl Ega (OTCMKTS:EGIEY) shares were down 4.9% during mid-day trading on Thursday . The stock traded as low as $6.66 and last traded at $6.73. Approximately 3,887 shares changed hands during trading, a decline of 92% from the average daily volume of 47,009 shares. The stock had previously closed at $7.08.

Engie Brasl Ega Price Performance

The company has a 50 day moving average of $7.01 and a 200-day moving average of $6.61. The stock has a market capitalization of $7.68 billion, a P/E ratio of 16.56 and a beta of 0.32. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.92.

Engie Brasl Ega (OTCMKTS:EGIEY) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $634.73 million for the quarter, compared to the consensus estimate 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.