Engie Brasl Ega (OTCMKTS:EGIEY) Shares Gap Up – Here’s Why

Engie Brasl Ega (OTCMKTS:EGIEYGet Free Report) gapped up prior to trading on Friday . The stock had previously closed at $6.8371, but opened at $7.11. Engie Brasl Ega shares last traded at $7.12, with a volume of 2,090 shares traded.

Engie Brasl Ega Stock Performance

The company has a market capitalization of $8.04 billion, a PE ratio of 17.35 and a beta of 0.32. The business’s fifty day moving average is $7.02 and its two-hundred day moving average is $6.60. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.92.

Engie Brasl Ega (OTCMKTS:EGIEYGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). Engie Brasl Ega had a return on equity of 19.64% and a net margin of 19.40%.The firm had revenue of $634.73 million during the quarter, compared to analysts’ expectations of $590.42 million.

About Engie Brasl Ega

(Get Free Report)

Engie Brasil Energia SA is a leading independent power producer in Brazil, focusing on the generation, sale and commercialization of electricity. The company’s diversified portfolio includes hydroelectric plants, gas-fired and biomass-fueled thermal facilities, as well as onshore wind farms and solar installations. Through a mix of long-term power purchase agreements and spot market transactions, Engie Brasil serves both regulated and free-market customers, including industrial, commercial and residential consumers.

Beyond core electricity generation, Engie Brasil offers a suite of energy solutions and services such as plant operation and maintenance, technical consulting, and energy efficiency programs.

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