ENGIE (OTCMKTS:ENGIY) Share Price Passes Below Fifty Day Moving Average - What's Next?

Key Points

• ENGIE's stock price recently fell below its 50-day moving average of $22.16, reaching a low of $20.80 before closing at $20.83 with a trading volume of 304,336 shares.
• Analyst ratings for ENGIE are mixed, with one firm rating it as a Strong Buy, while Zacks Research downgraded it from "strong-buy" to "hold".
• The company has a current ratio of 1.09 and a debt-to-equity ratio of 1.04, indicating a stable liquidity position but moderate leverage.

ENGIE - Sponsored ADR (OTCMKTS:ENGIY - Get Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $22.16 and traded as low as $20.80. ENGIE shares last traded at $20.83, with a volume of 304,336 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ENGIY shares. Morgan Stanley restated an "overweight" rating on shares of ENGIE in a research note on Monday, May 19th. Zacks Research lowered ENGIE from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 20th. Finally, Barclays upgraded ENGIE from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

ENGIE Stock Up 0.2%

The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.02 and a current ratio of 1.09. The stock has a 50-day simple moving average of $21.99 and a 200-day simple moving average of $21.14.

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.