Engie Brasil Energia (OTCMKTS:EGIEY) Reaches New 1-Year Low – Should You Sell?

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

Analysts Set New Price Targets

Separately, UBS Group cut 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 has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.63. The company has a market cap of $5.08 billion, a PE ratio of 6.34 and a beta of 0.58. The firm has a 50 day moving average of $7.16 and a two-hundred day moving average of $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.