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

Engie SA (OTCMKTS:ENGIY)’s stock price passed 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 changing hands.

Analyst Ratings Changes

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

Engie Stock Performance

The stock has a 50-day simple moving average of $16.08 and a 200-day simple moving average of $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.