Engie Brasl Ega (OTCMKTS:EGIEY) Sets New 12-Month Low – What’s Next?

Engie Brasl Ega (OTCMKTS:EGIEY)’s stock price reached a new 52-week low on Friday. The stock traded as low as $4.8440 and last traded at $4.87, with a volume of 3,382 shares trading hands. The stock had previously closed at $5.04.

Analysts Set New Price Targets

Separately, Zacks Research assumed coverage on shares of Engie Brasl Ega in a research report on Wednesday. They set a “hold” rating on the stock. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Engie Brasl Ega currently has a consensus rating of “Hold”.

Engie Brasl Ega Stock Down 2.3%

The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.75. The business has a 50-day simple moving average of $5.95 and a 200-day simple moving average of $6.37. The stock has a market cap of $5.58 billion, a P/E ratio of 7.43 and a beta of 0.34.

About Engie Brasl Ega

ENGIE Brasil Energia SA is a Brazilian energy company engaged primarily in the generation, commercialization and trading of electricity. The company operates a diversified portfolio of power assets, including hydroelectric, thermoelectric, wind, solar and biomass facilities, and supplies electricity to commercial, industrial and other institutional customers.

The company’s operations are concentrated in Brazil, where it has developed and manages infrastructure supporting the country’s electricity system.