Veolia Environnement (OTCMKTS:VEOEY) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Shares of Veolia Environnement SA (OTCMKTS:VEOEY) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $20.56 and traded as low as $19.89. Veolia Environnement shares last traded at $19.89, with a volume of 122,342 shares changing hands.

Analysts Set New Price Targets

Separately, Citigroup raised Veolia Environnement to a “hold” rating in a research note on Tuesday, July 21st. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Veolia Environnement Trading Down 0.7%

The company has a current ratio of 0.86, a quick ratio of 0.81 and a debt-to-equity ratio of 1.54. The company has a fifty day simple moving average of $20.56 and a two-hundred day simple moving average of $20.12.

Veolia Environnement Company Profile

Veolia Environnement (OTCMKTS: VEOEY) is a multinational environmental services company headquartered in France that provides a broad range of water, waste and energy management solutions to municipal and industrial customers. Its core activities include water supply and wastewater treatment, collection and recovery of solid and hazardous waste, and energy services such as district heating and industrial energy optimization. The company also develops circular economy and recycling programs, environmental engineering, and operational maintenance services aimed at improving resource efficiency and reducing environmental impact.

Veolia serves public-sector clients and private businesses across many regions worldwide, with operations spanning Europe, the Americas, Asia, Africa and the Middle East.