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

Engie Brasl Ega (OTCMKTS:EGIEY) gapped down before the market opened on Tuesday . The stock had previously closed at $8.56, but opened at $7.97. Engie Brasl Ega shares last traded at $8.14, with a volume of 11,744 shares trading hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Engie Brasl Ega to a “strong sell” rating in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Engie Brasl Ega Price Performance

The firm has a market capitalization of $8.05 billion, a P/E ratio of 15.67 and a beta of 0.43. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a 50 day moving average of $7.80 and a two-hundred day moving average of $7.62.

About Engie Brasl Ega

Engie Brasil Energia SA, together with its subsidiaries, generates, sells, and trades in electrical energy in Brazil. The company operates 76 plants, including 11 hydroelectric power plants; 1 thermal power plants; 50 wind farms; 3 biomass; 9 photovoltaic and solar power plant; and 2 small hydroelectric plants.