ENGIE (OTCMKTS:ENGIY) Sees Strong Trading Volume – Should You Buy?

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) saw unusually-strong trading volume on Monday . Approximately 238,300 shares traded hands during trading, an increase of 4% from the previous session’s volume of 228,636 shares.The stock last traded at $24.5550 and had previously closed at $24.63.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of ENGIE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

ENGIE Price Performance

The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.00 and a current ratio of 1.06. The firm has a fifty day simple moving average of $22.07 and a two-hundred day simple moving average of $22.00.

ENGIE Company Profile

ENGIE SA engages in the power, natural gas, and energy services businesses. It operates through Renewables, Networks, Energy Solutions, FlexGen, Retail, Nuclear, and Others segments. The Renewables segment comprises renewable energy generation activities, including financing, construction, operation, and maintenance of renewable energy facilities using various energy sources, such as hydroelectric, onshore wind, photovoltaic solar, offshore wind, and geothermal.