Light S.A. (OTCMKTS:LGSXY – Get Free Report) dropped 5.4% during trading on Friday. The stock traded as low as $1.23 and last traded at $1.23. 16,467 shares traded hands during mid-day trading, an increase of 4% from the average daily volume of 15,874 shares. The stock had previously closed at $1.30.
Light Price Performance
The stock has a 50-day simple moving average of $1.27 and a two-hundred day simple moving average of $0.97.
Light Company Profile
Light SA is a Brazilian electric utility focused primarily on the distribution of electricity in the state of Rio de Janeiro. Through its distribution operations, the company supplies residential, commercial and industrial customers in the city of Rio de Janeiro and surrounding municipalities.
The company has also historically operated in electricity generation and related energy activities through subsidiaries and affiliated businesses. Its generation portfolio has included hydroelectric assets, while its broader operations have included energy trading and other services connected to the Brazilian power market.
Light traces its operating history to the development of electric infrastructure in Rio de Janeiro and has remained a significant participant in Brazil’s electricity sector.
Featured Articles
- Five stocks we like better than Light
- Bloom Energy Just Reported—Its Biggest Order Is Still Waiting on a Pipeline
- Why Western Digital’s AI Storage Boom Defies the Chip Sell-Off
- Grand Canyon Education Strengthens Its Outlook, But Wall Street Remains Divided
- Amex Stock Slides on Job Cuts, But the Real Story Is Macro
Receive News & Ratings for Light Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Light and related companies with MarketBeat.com's FREE daily email newsletter.
