ENGIE (OTCMKTS:ENGIY) Shares Gap Down – Here’s What Happened

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) gapped down before the market opened 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 changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Morgan Stanley restated an “overweight” rating on shares of ENGIE in a report on Monday, May 11th. Barclays reissued an “overweight” rating on shares of ENGIE in a research report on Thursday, June 18th. Finally, Zacks Research downgraded shares of ENGIE from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

ENGIE Trading Up 0.8%

The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 1.06. The stock has a fifty day simple moving average of $30.23 and a 200-day simple moving average of $31.40.

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.