Engie Brasil Energia (OTCMKTS:EGIEY) Hits New 1-Year Low – Time to Sell?

Posted by Trevor Kearing on Nov 20th, 2024

Engie Brasil Energia S.A. (OTCMKTS:EGIEY – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $6.35 and last traded at $6.67, with a volume of 47862 shares changing hands. The stock had previously closed at $6.79.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered Engie Brasil Energia from a “hold” rating to a “strong sell” rating in a research report on Monday, November 11th.

Check Out Our Latest Stock Analysis on Engie Brasil Energia

Engie Brasil Energia Trading Up 7.4 %

The stock has a 50-day simple moving average of $7.38 and a two-hundred day simple moving average of $7.94. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $5.47 billion, a PE ratio of 6.30 and a beta of 0.58.

Engie Brasil Energia Company Profile

(Get Free Report)

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.