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

Shares of ENGIE – Sponsored ADR (OTCMKTS:ENGIY) saw strong trading volume on Friday . 995,829 shares changed hands during trading, an increase of 647% from the previous session’s volume of 133,342 shares.The stock last traded at $29.73 and had previously closed at $29.81.

Analyst Ratings Changes

A number of brokerages have recently commented on ENGIY. Citigroup reissued a “buy” rating on shares of ENGIE in a report on Wednesday, December 3rd. Royal Bank Of Canada began coverage on shares of ENGIE in a research report on Tuesday, November 25th. They set an “outperform” rating on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of ENGIE in a research note on Friday, November 14th. Berenberg Bank upgraded shares of ENGIE to a “hold” rating in a research note on Wednesday, January 21st. Finally, Barclays restated an “overweight” rating on shares of ENGIE in a research report on Thursday, December 11th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

ENGIE Price Performance

The firm has a 50 day moving average price of $26.56 and a two-hundred day moving average price of $23.85. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.00 and a current ratio of 1.06.

About ENGIE

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.