ENGIE (OTCMKTS:ENGIY) Stock Price Down 0.3% - Here's What Happened

Key Points

• ENGIE's stock price fell by 0.3% to $21.50, with trading volume down 61% from its daily average.
• Zacks Research downgraded ENGIE from a "strong-buy" to a "hold" rating, while the stock has an average rating of "Buy" from analysts.
• The company's 50-day and 200-day simple moving averages are $21.49 and $21.51, respectively, indicating stable pricing trends.

ENGIE - Sponsored ADR (OTCMKTS:ENGIY - Get Free Report)'s stock price dropped 0.3% on Tuesday . The company traded as low as $21.38 and last traded at $21.50. Approximately 77,134 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 199,423 shares. The stock had previously closed at $21.56.

Wall Street Analysts Forecast Growth

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

ENGIE Price Performance

The business's 50-day simple moving average is $21.49 and its 200-day simple moving average is $21.51.

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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