Engie Brasl Ega (OTCMKTS:EGIEY) Shares Down 9.3% – Here’s What Happened

Engie Brasl Ega (OTCMKTS:EGIEY – Get Free Report) dropped 9.3% during mid-day trading on Monday. The stock traded as low as $5.49 and last traded at $5.65. 1,812 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 48,560 shares. The stock had previously closed at $6.23.

Engie Brasl Ega Stock Down 17.3%

The firm has a 50-day simple moving average of $6.00 and a 200 day simple moving average of $6.42. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $5.88 billion, a PE ratio of 7.84 and a beta of 0.34.

About Engie Brasl Ega

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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.

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