ENGIE (OTCMKTS:ENGIY) Sees Large Volume Increase – Should You Buy?

Shares of ENGIE – Sponsored ADR (OTCMKTS:ENGIY) saw an uptick in trading volume on Tuesday . 160,994 shares traded hands during trading, an increase of 25% from the previous session’s volume of 128,654 shares.The stock last traded at $27.28 and had previously closed at $27.79.

Wall Street Analysts Forecast Growth

ENGIY has been the topic of a number of analyst reports. Royal Bank Of Canada initiated coverage on shares of ENGIE in a research report on Tuesday, November 25th. They issued an “outperform” rating on the stock. Barclays restated an “overweight” rating on shares of ENGIE in a report on Thursday, December 11th. Morgan Stanley reiterated an “overweight” rating on shares of ENGIE in a report on Friday, November 14th. Finally, Citigroup reiterated a “buy” rating on shares of ENGIE in a research report on Wednesday, December 3rd. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

ENGIE Trading Up 0.3%

The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.00. The firm has a 50 day moving average of $25.86 and a two-hundred day moving average of $23.47.

About ENGIE

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.