ENGIE (OTCMKTS:ENGIY) Stock Passes Below 50 Day Moving Average - Time to Sell?

Key Points

• ENGIE's stock price fell below its 50-day moving average of $22.66, trading as low as $21.66 before closing at $21.73.
• Analysts have mixed ratings on ENGIE, with one Strong Buy, three Buy, and one Hold rating, leading to an average rating of "Buy."
• The company operates in multiple energy sectors, including renewable energy, natural gas, and energy services, highlighting its diverse business model.

ENGIE - Sponsored ADR (OTCMKTS:ENGIY - Get Free Report)'s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $22.66 and traded as low as $21.66. ENGIE shares last traded at $21.73, with a volume of 67,427 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ENGIY. Barclays upgraded shares of ENGIE from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 4th. Morgan Stanley reissued an "overweight" rating on shares of ENGIE in a report on Monday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy".

ENGIE Trading Down 0.2%

The firm's 50 day simple moving average is $22.66 and its 200 day simple moving average is $20.61. The company has a quick ratio of 1.02, a current ratio of 1.09 and a debt-to-equity ratio of 1.04.

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.

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