ENGIE (OTCMKTS:ENGIY) Shares Gap Down – Time to Sell?

Shares of ENGIE – Sponsored ADR (OTCMKTS:ENGIY) gapped down prior to trading on Thursday . The stock had previously closed at $28.20, but opened at $27.35. ENGIE shares last traded at $27.35, with a volume of 17,699 shares traded.

Analysts Set New Price Targets

ENGIY has been the subject of several research reports. Barclays reissued an “overweight” rating on shares of ENGIE in a report on Thursday, June 18th. Zacks Research cut shares of ENGIE from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of ENGIE in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

ENGIE Trading Down 0.5%

The firm has a 50 day moving average of $30.36 and a 200-day moving average of $31.45. The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 1.06.

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.