Veolia Environnement (OTCMKTS:VEOEY) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Veolia Environnement SA (OTCMKTS:VEOEY)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $20.62 and traded as low as $19.71. Veolia Environnement shares last traded at $19.79, with a volume of 149,983 shares trading hands.

Analysts Set New Price Targets

Separately, Citigroup upgraded Veolia Environnement to a “hold” rating in a report on Tuesday, July 21st. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Veolia Environnement presently has a consensus rating of “Hold”.

Veolia Environnement Stock Down 1.0%

The firm has a 50-day moving average price of $20.62 and a 200 day moving average price of $19.93. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.81 and a current ratio of 0.86.

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.