Engie Brasil Energia (OTCMKTS:EGIEY) Shares Down 0.3% – Time to Sell?

Engie Brasil Energia S.A. (OTCMKTS:EGIEY) was down 0.3% on Monday . The company traded as low as $6.37 and last traded at $6.56. Approximately 20,263 shares traded hands during trading, a decline of 84% from the average daily volume of 130,514 shares. The stock had previously closed at $6.58.

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 Price Performance

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 stock has a fifty day simple moving average of $6.13 and a 200-day simple moving average of $6.93. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 6.63 and a beta of 0.54.

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.