Engie Brasil Energia (OTCMKTS:EGIEY) Hits New 52-Week Low – Here’s Why

Engie Brasil Energia S.A. (OTCMKTS:EGIEY) hit a new 52-week low during trading on Friday . The company traded as low as $6.14 and last traded at $6.23, with a volume of 20493 shares. The stock had previously closed at $6.28.

Analysts Set New Price Targets

Separately, UBS Group cut 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 Stock Down 0.8 %

The company has a debt-to-equity ratio of 1.63, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 6.34 and a beta of 0.58. The firm’s fifty day moving average is $7.16 and its two-hundred day moving average is $7.85.

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.