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

Engie Brasl Ega (OTCMKTS:EGIEY) gapped down before the market opened 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.

Engie Brasl Ega Trading Down 2.2%

The company has a fifty day simple moving average of $7.02 and a two-hundred day simple moving average of $6.60. 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 company has a market cap of $7.81 billion, a PE ratio of 16.85 and a beta of 0.32.

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

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.