Engie Brasl Ega (OTCMKTS:EGIEY) Sees Unusually-High Trading Volume – Should You Buy?

Engie Brasl Ega (OTCMKTS:EGIEY) shares saw an uptick in trading volume on Tuesday . 238,955 shares were traded during trading, an increase of 360% from the previous session’s volume of 51,961 shares.The stock last traded at $7.54 and had previously closed at $7.67.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Engie Brasl Ega to a “strong sell” rating in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Engie Brasl Ega Trading Down 1.0%

The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 12.05 and a beta of 0.45. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.81. The business’s fifty day moving average is $7.50 and its two-hundred day moving average is $7.50.

Engie Brasl Ega (OTCMKTS:EGIEY) last released its earnings results on Friday, August 8th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.03). Engie Brasl Ega had a return on equity of 24.01% and a net margin of 25.21%.The firm had revenue of $544.70 million for the quarter, compared to the consensus estimate of $2.70 billion. Equities analysts anticipate that Engie Brasl Ega will post 0.52 earnings per share for the current fiscal year.

About Engie Brasl Ega

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.