Engie (OTCMKTS:ENGIY) Sets New 52-Week High - Here's What Happened

Engie SA (OTCMKTS:ENGIY - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $22.31 and last traded at $22.29, with a volume of 177921 shares traded. The stock had previously closed at $21.91.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ENGIY. Barclays upgraded Engie from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 4th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Engie in a research report on Monday, March 3rd. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Engie in a research report on Monday, May 19th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy".

Engie Trading Up 1.1%

The company has a quick ratio of 0.92, a current ratio of 0.99 and a debt-to-equity ratio of 1.09. The stock has a 50-day simple moving average of $21.07 and a 200 day simple moving average of $18.42.

About Engie

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.