Genel Energy (LON:GENL) Stock Price Crosses Below 200 Day Moving Average - Here's What Happened

Genel Energy plc (LON:GENL - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 64.08 ($0.86) and traded as low as GBX 52.10 ($0.70). Genel Energy shares last traded at GBX 52.80 ($0.71), with a volume of 87,421 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their price target on Genel Energy from GBX 98 ($1.32) to GBX 92 ($1.24) and set a "speculative buy" rating on the stock in a report on Wednesday, March 19th.

Genel Energy Stock Up 1.7%

The stock has a market cap of £184.40 million, a P/E ratio of -8.70, a P/E/G ratio of -0.03 and a beta of 1.13. The company has a current ratio of 5.26, a quick ratio of 5.87 and a debt-to-equity ratio of 59.32. The firm's fifty day moving average is GBX 55.65 and its 200 day moving average is GBX 63.76.

About Genel Energy

Genel Energy is a socially responsible oil producer with a low-cost and low-carbon production asset in the Kurdistan Region of Iraq and exploration assets in Oman, Morocco and Somaliland and listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). Genel's strategy is designed to build a business with resilient and diversified cash flows that delivers sustainable value to shareholders, and with the aim of restarting the payment of a regular dividend.