Engie Brasil Energia (OTCMKTS:EGIEY) Shares Up 4.8% – Here’s What Happened

Engie Brasil Energia S.A. (OTCMKTS:EGIEY)’s stock price rose 4.8% during mid-day trading on Monday . The company traded as high as $6.36 and last traded at $6.36. Approximately 136,160 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 201,122 shares. The stock had previously closed at $6.07.

Analysts Set New Price Targets

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

Engie Brasil Energia Stock Up 0.5 %

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 stock’s 50 day simple moving average is $6.06 and its 200 day simple moving average is $7.14. The firm has a market cap of $5.25 billion, a P/E ratio of 6.49 and a beta of 0.54.

Engie Brasil Energia (OTCMKTS:EGIEY) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.14 EPS for the quarter. The business had revenue of $457.51 million during the quarter. Engie Brasil Energia had a return on equity of 27.48% and a net margin of 39.47%. Research analysts anticipate that Engie Brasil Energia S.A. will post 0.52 EPS for the current year.

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.