ENGIE (OTCMKTS:ENGIY) Shares Gap Down – Here’s Why

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) gapped down prior to trading on Monday . The stock had previously closed at $34.67, but opened at $32.25. ENGIE shares last traded at $32.30, with a volume of 6,910 shares trading hands.

Wall Street Analyst Weigh In

ENGIY has been the subject of a number of recent research reports. Zacks Research upgraded shares of ENGIE from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Kepler Capital Markets upgraded shares of ENGIE to a “strong-buy” rating in a research note on Thursday, March 19th. Citigroup reiterated a “buy” rating on shares of ENGIE in a research note on Friday, April 17th. Berenberg Bank upgraded shares of ENGIE to a “hold” rating in a research note on Wednesday, January 21st. Finally, Sanford C. Bernstein downgraded shares of ENGIE from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, ENGIE presently has a consensus rating of “Moderate Buy”.

ENGIE Stock Up 0.2%

The company has a current ratio of 1.08, a quick ratio of 1.03 and a debt-to-equity ratio of 1.06. The firm’s 50-day moving average price is $32.65 and its two-hundred day moving average price is $28.78.

ENGIE Company Profile

ENGIE is a Paris-headquartered multinational energy company engaged across the value chain of electricity and natural gas, along with associated infrastructure and services. The company develops, builds and operates power generation assets (including gas-fired plants and an expanding portfolio of renewable generation such as wind, solar and hydro), trades and markets energy commodities, and supplies energy to industrial, commercial and residential customers. ENGIE also provides energy infrastructure and networks, liquefied natural gas (LNG) solutions, and a range of energy services including energy efficiency, facility management and distributed energy systems.

The group traces its modern corporate roots to the 2008 combination of Gaz de France and Suez, and subsequently adopted the ENGIE name in 2015 as part of a strategic repositioning.