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

Shares of ENGIE – Sponsored ADR (OTCMKTS:ENGIY) saw an uptick in trading volume on Friday . 750,215 shares were traded during trading, an increase of 210% from the previous session’s volume of 242,233 shares.The stock last traded at $30.32 and had previously closed at $30.02.

Analyst Upgrades and Downgrades

ENGIY has been the topic of several analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of ENGIE in a research note on Friday, November 14th. JPMorgan Chase & Co. downgraded ENGIE from an “overweight” rating to a “neutral” rating in a research report on Thursday. Barclays restated an “overweight” rating on shares of ENGIE in a research report on Thursday, December 11th. Royal Bank Of Canada initiated coverage on ENGIE in a research report on Tuesday, November 25th. They set an “outperform” rating on the stock. Finally, Citigroup reiterated a “buy” rating on shares of ENGIE in a research note on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

ENGIE Trading Up 1.4%

The firm’s fifty day moving average price is $27.14 and its 200 day moving average price is $24.16. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.00.

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.