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

Engie Brasl Ega (OTCMKTS:EGIEY) shares reached a new 52-week low during trading on Friday. The stock traded as low as $4.8440 and last traded at $4.87, with a volume of 3,382 shares changing hands. The stock had previously closed at $5.04.

Analysts Set New Price Targets

Separately, Zacks Research started coverage on shares of Engie Brasl Ega in a research note on Wednesday. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Engie Brasl Ega Trading Down 2.3%

The firm has a 50 day moving average price of $5.95 and a two-hundred day moving average price of $6.37. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $5.58 billion, a P/E ratio of 7.43 and a beta of 0.34.

Engie Brasl Ega Company Profile

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.