Equatorial Energia (OTCMKTS:EQUEY) Shares Up 4.5% – Time to Buy?

Equatorial Energia S.A. (OTCMKTS:EQUEYGet Free Report) was up 4.5% during mid-day trading on Monday . The company traded as high as $6.40 and last traded at $5.88. Approximately 3,275 shares changed hands during mid-day trading, an increase of 49% from the average daily volume of 2,205 shares. The stock had previously closed at $5.63.

Equatorial Energia Price Performance

The stock’s 50 day moving average price is $5.39 and its 200 day moving average price is $5.34.

Equatorial Energia Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 27th. Stockholders of record on Friday, February 21st were given a $0.0015 dividend. The ex-dividend date of this dividend was Friday, February 21st. Equatorial Energia’s dividend payout ratio (DPR) is presently 29.66%.

About Equatorial Energia

(Get Free Report)

Equatorial Energia SA, through its subsidiaries, engages in the electricity generation, distribution, transmission, and sanitation operations in Brazil. It operates through Distribution, Transmission, Wind Generation, Services, Sanitation, and Other segments. The company generates energy from wind, solar, biomass, qualified co-generation, and hydroelectric plants.

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