Engie Brasl Ega (OTCMKTS:EGIEY) Stock Price Down 9.5% – Time to Sell?

Engie Brasl Ega (OTCMKTS:EGIEY) fell 9.5% during trading on Wednesday . The stock traded as low as $6.52 and last traded at $6.55. Approximately 3,451 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 48,634 shares. The stock had previously closed at $7.24.

Engie Brasl Ega Trading Down 10.6%

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 firm has a market cap of $7.39 billion, a PE ratio of 15.95 and a beta of 0.32. The stock has a 50-day simple moving average of $6.94 and a two-hundred day simple moving average of $6.53.

Engie Brasl Ega (OTCMKTS:EGIEY) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). Engie Brasl Ega had a net margin of 19.40% and a return on equity of 19.64%. The company had revenue of $634.73 million for the quarter, compared to analysts’ expectations of $590.42 million.

About Engie Brasl Ega

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.