Engie Brasl Ega (OTCMKTS:EGIEY) Shares Gap Down – Here’s What Happened

Engie Brasl Ega (OTCMKTS:EGIEY) gapped down before the market opened on Monday. The stock had previously closed at $5.00, but opened at $4.63. Engie Brasl Ega shares last traded at $4.63, with a volume of 428 shares traded.

Analyst Ratings Changes

Separately, Zacks Research started coverage on shares of Engie Brasl Ega in a research report on Wednesday, October 28th. They issued a “hold” rating for the company. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Engie Brasl Ega Price Performance

The company has a 50 day simple moving average of $5.89 and a 200 day simple moving average of $6.36. The stock has a market cap of $5.49 billion, a P/E ratio of 7.32 and a beta of 0.38. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.75.

About Engie Brasl Ega

ENGIE Brasil Energia SA is a Brazilian energy company engaged primarily in the generation, commercialization and trading of electricity. The company operates a diversified portfolio of power assets, including hydroelectric, thermoelectric, wind, solar and biomass facilities, and supplies electricity to commercial, industrial and other institutional customers.

The company’s operations are concentrated in Brazil, where it has developed and manages infrastructure supporting the country’s electricity system.