Brenmiller Energy (NASDAQ:BNRG) Shares Down 8.1% – Here’s What Happened

Brenmiller Energy Ltd. (NASDAQ:BNRG)’s stock price fell 8.1% on Tuesday . The stock traded as low as $1.50 and last traded at $1.58. 498,794 shares traded hands during trading, an increase of 59% from the average session volume of 314,314 shares. The stock had previously closed at $1.72.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Brenmiller Energy to a “strong sell” rating in a research note on Friday, June 27th.

Brenmiller Energy Price Performance

The company has a quick ratio of 1.69, a current ratio of 2.25 and a debt-to-equity ratio of 0.96. The business’s fifty day moving average is $2.02 and its two-hundred day moving average is $3.49.

Brenmiller Energy Company Profile

Brenmiller Energy Ltd. develops, produces, markets, and sells thermal energy storage (TES) systems based on its proprietary technology that enables renewable integration, increases energy efficiency, and reduces carbon emissions. Its TES system dispatches thermal energy on demand in the form of steam, which can be saturated for industrial use, or in the form of a superheated steam, which can be used to activate steam turbines.