Engie (OTCMKTS:ENGIY) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Engie SA (OTCMKTS:ENGIYGet Free Report) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $17.39 and traded as low as $16.79. Engie shares last traded at $16.93, with a volume of 102,887 shares.

Wall Street Analysts Forecast Growth

ENGIY has been the subject of several recent research reports. Bank of America raised shares of Engie from an “underperform” rating to a “neutral” rating in a research report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft started coverage on Engie in a report on Wednesday, October 2nd. They set a “hold” rating on the stock. Finally, Sanford C. Bernstein started coverage on Engie in a research note on Wednesday, October 2nd. They issued an “outperform” rating for the company.

Get Our Latest Analysis on ENGIY

Engie Price Performance

The firm’s fifty day moving average price is $17.38 and its 200-day moving average price is $16.56.

Engie Company Profile

(Get Free Report)

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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