Light S.A. (OTCMKTS:LGSXY – Get Free Report) traded down 5.4% on Friday. The company traded as low as $1.23 and last traded at $1.23. Approximately 16,467 shares changed hands during trading, an increase of 4% from the average daily volume of 15,874 shares. The stock had previously closed at $1.30.
Light Trading Down 5.4%
The business has a 50-day moving average of $1.27 and a 200-day moving average of $0.97.
Light Company Profile
Light SA is a Brazilian electric utility focused primarily on the distribution of electricity in the state of Rio de Janeiro. Through its distribution operations, the company supplies residential, commercial and industrial customers in the city of Rio de Janeiro and surrounding municipalities.
The company has also historically operated in electricity generation and related energy activities through subsidiaries and affiliated businesses. Its generation portfolio has included hydroelectric assets, while its broader operations have included energy trading and other services connected to the Brazilian power market.
Light traces its operating history to the development of electric infrastructure in Rio de Janeiro and has remained a significant participant in Brazil’s electricity sector.
Read More
- Five stocks we like better than Light
- Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs
- Lockheed Martin’s Record $292 Billion Backlog Comes With a Delivery Test
- Palantir’s Next Big Test Isn’t a Partnership—It’s the Numbers
- Kinder Morgan’s $4.7 Billion Pipeline Bet Could Be Bigger Than Its Earnings Beat
Receive News & Ratings for Light Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Light and related companies with MarketBeat.com's FREE daily email newsletter.
