ENGIE (OTCMKTS:ENGIY) Hits New 1-Year High – Still a Buy?

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $24.81 and last traded at $24.8050, with a volume of 11828 shares. The stock had previously closed at $24.6425.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of ENGIE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

ENGIE Stock Up 0.5%

The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.00 and a current ratio of 1.06. The stock has a 50 day moving average of $22.15 and a 200 day moving average of $22.02.

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.