Engie Brasl Ega (OTCMKTS:EGIEY) Shares Down 3.7% – Here’s Why

Engie Brasl Ega (OTCMKTS:EGIEY)’s share price fell 3.7% on Friday . The stock traded as low as $6.2750 and last traded at $6.28. 22,647 shares changed hands during trading, a decline of 31% from the average session volume of 32,741 shares. The stock had previously closed at $6.52.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised Engie Brasl Ega to a “strong sell” rating in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Engie Brasl Ega presently has an average rating of “Sell”.

Engie Brasl Ega Stock Performance

The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.95. The stock has a 50 day moving average price of $6.34 and a 200 day moving average price of $7.16.

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.