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

Engie Brasl Ega (OTCMKTS:EGIEY) gapped down prior to trading on Tuesday . The stock had previously closed at $7.15, but opened at $6.60. Engie Brasl Ega shares last traded at $6.63, with a volume of 1,622 shares traded.

Engie Brasl Ega Stock Performance

The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.54 and a current ratio of 1.54. The company’s 50-day moving average price is $6.92 and its 200 day moving average price is $6.54. The stock has a market capitalization of $7.25 billion, a PE ratio of 15.65 and a beta of 0.31.

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