ENGIE (OTCMKTS:ENGIY) Share Price Passes Above Fifty Day Moving Average – Time to Sell?

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $22.71 and traded as high as $25.54. ENGIE shares last traded at $25.47, with a volume of 113,312 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Morgan Stanley reiterated an “overweight” rating on shares of ENGIE in a report on Friday. Zacks Research lowered ENGIE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, ENGIE currently has a consensus rating of “Buy”.

ENGIE Stock Performance

The company has a current ratio of 1.06, a quick ratio of 1.00 and a debt-to-equity ratio of 1.09. The stock’s 50 day simple moving average is $22.71 and its 200 day simple moving average is $22.22.

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.