Engie Brasl Ega (OTCMKTS:EGIEY) Shares Down 3.7% – What’s Next?

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

Wall Street Analyst Weigh In

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

Engie Brasl Ega Stock Down 3.7%

The company has a debt-to-equity ratio of 1.95, a current ratio of 1.08 and a quick ratio of 1.08. The company has a 50-day simple moving average of $6.34 and a two-hundred day simple moving average of $7.15.

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.