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

Shares of Engie Brasl Ega (OTCMKTS:EGIEY) gapped up before the market opened on Friday . The stock had previously closed at $6.8371, but opened at $7.11. Engie Brasl Ega shares last traded at $7.12, with a volume of 2,090 shares changing hands.

Engie Brasl Ega Trading Up 3.1%

The stock has a market cap of $8.05 billion, a P/E ratio of 17.38 and a beta of 0.32. 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’s fifty day moving average price is $7.03 and its 200 day moving average price is $6.60.

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). Engie Brasl Ega had a net margin of 19.40% and a return on equity of 19.64%. The business had revenue of $634.73 million for the quarter, compared to the consensus estimate 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.