Engie Brasl Ega (OTCMKTS:EGIEY) Shares Down 6.1% – What’s Next?

Engie Brasl Ega (OTCMKTS:EGIEY)’s stock price dropped 6.1% during mid-day trading on Tuesday . The stock traded as low as $5.35 and last traded at $5.35. Approximately 15,122 shares traded hands during trading, a decline of 78% from the average daily volume of 70,188 shares. The stock had previously closed at $5.70.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded Engie Brasl Ega to a “strong sell” rating in a report on Tuesday, October 7th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Engie Brasl Ega Price Performance

The firm has a market capitalization of $6.32 billion, a P/E ratio of 12.10 and a beta of 0.27. The stock’s 50 day simple moving average is $7.57 and its 200 day simple moving average is $7.58. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.08 and a current ratio of 1.08.

Engie Brasl Ega Company Profile

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.