Engie Brasl Ega (OTCMKTS:EGIEY) Shares Gap Down - Here's Why

Key Points

• Price action: Shares gapped down at the open (previous close $7.6850 to open $7.11) but later traded up about 4.9% to $7.9450 on a volume of 7,644 shares.
• Key financials: Market cap is $9.21 billion with a P/E of 20.16, debt-to-equity of 1.88 and current/quick ratios ~1.12; the stock trades above its 50- and 200-day moving averages (~$6.74–$6.79) and has a low beta (0.35).
• Business profile: Engie Brasil Energia is a leading independent power producer in Brazil with a diversified mix of hydro, gas-fired, biomass, wind and solar assets and offers operations, consulting and energy-efficiency services to regulated and free-market customers.

Engie Brasl Ega (OTCMKTS:EGIEY - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $7.6850, but opened at $7.11. Engie Brasl Ega shares last traded at $7.9450, with a volume of 7,644 shares trading hands.

Engie Brasl Ega Stock Up 4.9%

The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $9.21 billion, a price-to-earnings ratio of 20.16 and a beta of 0.35. The business's 50 day moving average is $6.74 and its 200 day moving average is $6.79.

Engie Brasl Ega Company Profile

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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