Engie (OTCMKTS:ENGIY) Shares Cross Above 50 Day Moving Average – What’s Next?

Engie SA (OTCMKTS:ENGIY) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $15.99 and traded as high as $16.27. Engie shares last traded at $16.17, with a volume of 136,547 shares traded.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ENGIY. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Engie in a report on Wednesday, October 2nd. They set a “hold” rating for the company. Sanford C. Bernstein assumed coverage on Engie in a research note on Wednesday, October 2nd. They set an “outperform” rating for the company. Finally, Bank of America raised Engie from an “underperform” rating to a “neutral” rating in a research report on Wednesday, October 2nd.

Engie Trading Down 1.6 %

The firm’s 50-day moving average price is $15.99 and its two-hundred day moving average price is $16.51. The company has a quick ratio of 0.92, a current ratio of 0.99 and a debt-to-equity ratio of 1.09.

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.