Engie Brasl Ega (OTCMKTS:EGIEY) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Engie Brasl Ega (OTCMKTS:EGIEY) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $6.49 and traded as low as $5.84. Engie Brasl Ega shares last traded at $5.84, with a volume of 25,520 shares traded.

Engie Brasl Ega Trading Up 2.1%

The company has a market cap of $6.67 billion, a price-to-earnings ratio of 14.39 and a beta of 0.31. The business has a fifty day simple moving average of $6.49 and a 200 day simple moving average of $6.59. 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 released its quarterly earnings results on Thursday, May 7th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The firm had revenue of $634.73 million during the quarter, compared to analyst estimates of $590.42 million. Engie Brasl Ega had a return on equity of 19.64% and a net margin of 19.40%.

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.