Engie (OTCMKTS:ENGIY) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Engie SA (OTCMKTS:ENGIY)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $16.10 and traded as low as $15.52. Engie shares last traded at $15.84, with a volume of 139,626 shares.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Engie in a research report on Wednesday, October 2nd. They issued a “hold” rating on the stock. Sanford C. Bernstein began coverage on Engie in a report on Wednesday, October 2nd. They set an “outperform” rating on the stock. Finally, Bank of America raised Engie from an “underperform” rating to a “neutral” rating in a report on Wednesday, October 2nd.

Engie Stock Up 0.9 %

The stock’s fifty day moving average price is $16.08 and its 200-day moving average price is $16.33.

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.