ENGIE (OTCMKTS:ENGIY) Shares Gap Down - Here's Why

Key Points

• ENGIE shares experienced a significant gap down, opening at $21.31 compared to the previous close of $21.99.
• Zacks Research has downgraded ENGIE from a "strong-buy" rating to a "hold" rating, with varying ratings from analysts leading to an average recommendation of "Buy."
• The stock's current trading volume is 208,749 shares, while its 50-day moving average price stands at $21.54.

ENGIE - Sponsored ADR (OTCMKTS:ENGIY - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $21.99, but opened at $21.31. ENGIE shares last traded at $21.36, with a volume of 208,749 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of ENGIE from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, ENGIE presently has an average rating of "Buy".

ENGIE Stock Performance

The stock's 50-day moving average price is $21.54 and its 200 day moving average price is $21.50.

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.

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