Engie Brasil Energia (OTCMKTS:EGIEY) Reaches New 1-Year Low – Time to Sell?

Engie Brasil Energia S.A. (OTCMKTS:EGIEY)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $5.96 and last traded at $5.96, with a volume of 569323 shares changing hands. The stock had previously closed at $6.18.

Analysts Set New Price Targets

Separately, UBS Group lowered Engie Brasil Energia from a “hold” rating to a “strong sell” rating in a research report on Monday, November 11th.

Engie Brasil Energia Stock Performance

The company has a market cap of $4.75 billion, a price-to-earnings ratio of 5.88 and a beta of 0.55. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a fifty day simple moving average of $6.74 and a 200 day simple moving average of $7.63.

About Engie Brasil Energia

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.