Engie Brasil Energia (OTCMKTS:EGIEY) Shares Up 3% - Still a Buy?

Engie Brasil Energia S.A. (OTCMKTS:EGIEY - Get Free Report) shares traded up 3% on Monday . The stock traded as high as $5.91 and last traded at $5.84. 95,751 shares changed hands during trading, a decline of 30% from the average session volume of 137,250 shares. The stock had previously closed at $5.67.

Analyst Upgrades and Downgrades

Separately, UBS Group downgraded shares of Engie Brasil Energia from a "hold" rating to a "strong sell" rating in a research report on Monday, November 11th.

Engie Brasil Energia Price Performance

The company's 50-day simple moving average is $6.35 and its 200 day simple moving average is $7.39. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 5.90 and a beta of 0.54.

Engie Brasil Energia 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.