ENGIE (OTCMKTS:ENGIY) Share Price Crosses Below Fifty Day Moving Average - Time to Sell?

Key Points

• ENGIE's stock has recently crossed below its 50-day moving average, which is currently at $22.63, trading as low as $22.00.
• Despite the recent dip, several research firms, including Barclays and Morgan Stanley, maintain a generally positive outlook, with an average rating of "Buy."
• The company's debt-to-equity ratio is 1.04, indicating a moderate level of debt in its capital structure.

Shares of ENGIE - Sponsored ADR (OTCMKTS:ENGIY - Get Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $22.63 and traded as low as $22.00. ENGIE shares last traded at $22.08, with a volume of 87,270 shares.

Analysts Set New Price Targets

ENGIY has been the subject of a number of research reports. Barclays upgraded ENGIE from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 4th. Morgan Stanley reaffirmed an "overweight" rating on shares of ENGIE in a research note on Monday, May 19th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy".

ENGIE Stock Down 1.5%

The business has a 50-day moving average price of $22.67 and a two-hundred day moving average price of $20.28. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.02 and a current ratio of 1.09.

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.