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ENGIE (OTCMKTS:ENGIY) Sees Large Volume Increase - Should You Buy?

ENGIE logo with Utilities background

ENGIE - Sponsored ADR (OTCMKTS:ENGIY - Get Free Report) saw strong trading volume on Thursday . 904,815 shares traded hands during mid-day trading, an increase of 317% from the previous session's volume of 216,795 shares.The stock last traded at $23.30 and had previously closed at $23.02.

Wall Street Analyst Weigh In

ENGIY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of ENGIE in a research report on Monday, March 3rd. Barclays upgraded shares of ENGIE from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 4th. Finally, Morgan Stanley reissued an "overweight" rating on shares of ENGIE in a research report on Monday, May 19th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy".

Check Out Our Latest Research Report on ENGIE

ENGIE Price Performance

The company has a current ratio of 1.09, a quick ratio of 1.02 and a debt-to-equity ratio of 1.04. The business has a fifty day moving average of $21.45 and a 200 day moving average of $18.80.

ENGIE Company Profile

(Get Free Report)

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.

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