Engie Brasil Energia (OTCMKTS:EGIEY) Trading Up 4.8% - Here's Why

Shares of Engie Brasil Energia S.A. (OTCMKTS:EGIEY - Get Free Report) traded up 4.8% during trading on Monday . The stock traded as high as $6.36 and last traded at $6.36. 136,160 shares changed hands during trading, a decline of 32% from the average session volume of 201,122 shares. The stock had previously closed at $6.07.

Analysts Set New Price Targets

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

Engie Brasil Energia Stock Up 4.8 %

The stock has a 50-day simple moving average of $6.06 and a two-hundred day simple moving average of $7.16. 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 firm has a market cap of $5.19 billion, a PE ratio of 6.42 and a beta of 0.54.

Engie Brasil Energia (OTCMKTS:EGIEY - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported $0.14 EPS for the quarter. The company had revenue of $457.51 million for the quarter. Engie Brasil Energia had a net margin of 39.47% and a return on equity of 27.48%. Analysts expect that Engie Brasil Energia S.A. will post 0.52 earnings per share for the current year.

About Engie Brasil Energia

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.

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