Engie Brasil Energia (OTCMKTS:EGIEY) Trading 3% Higher – Still a Buy?

Engie Brasil Energia S.A. (OTCMKTS:EGIEY) was up 3% during mid-day trading on Monday . The stock traded as high as $5.91 and last traded at $5.84. Approximately 95,751 shares traded hands during trading, a decline of 30% from the average daily volume of 137,250 shares. The stock had previously closed at $5.67.

Analyst Ratings Changes

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

Engie Brasil Energia Trading Up 3.0 %

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 company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 5.90 and a beta of 0.54. The company has a 50-day moving average price of $6.35 and a 200-day moving average price of $7.39.

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.