Engie Brasl Ega (OTCMKTS:EGIEY) Hits New 52-Week High – Still a Buy?

Engie Brasl Ega (OTCMKTS:EGIEY)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $9.87 and last traded at $9.87, with a volume of 11765 shares trading hands. The stock had previously closed at $8.22.

Analysts Set New Price Targets

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

Engie Brasl Ega Trading Up 20.1%

The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a 50-day moving average of $7.80 and a 200-day moving average of $7.62. The firm has a market capitalization of $8.05 billion, a P/E ratio of 15.67 and a beta of 0.43.

Engie Brasl Ega Company Profile

Engie Brasil Energia SA, together with its subsidiaries, generates, sells, and trades in electrical energy in Brazil. The company operates 76 plants, including 11 hydroelectric power plants; 1 thermal power plants; 50 wind farms; 3 biomass; 9 photovoltaic and solar power plant; and 2 small hydroelectric plants.