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

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) shares gapped down prior to trading on Monday . The stock had previously closed at $34.67, but opened at $32.25. ENGIE shares last traded at $32.30, with a volume of 6,910 shares.

Wall Street Analysts Forecast Growth

ENGIY has been the subject of several analyst reports. Kepler Capital Markets raised shares of ENGIE to a “strong-buy” rating in a report on Thursday, March 19th. Zacks Research raised shares of ENGIE from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. JPMorgan Chase & Co. downgraded shares of ENGIE from an “overweight” rating to a “neutral” rating in a report on Thursday, February 5th. Berenberg Bank raised shares of ENGIE to a “hold” rating in a report on Wednesday, January 21st. Finally, Citigroup reissued a “buy” rating on shares of ENGIE in a report on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

ENGIE Stock Performance

The company has a debt-to-equity ratio of 1.06, a current ratio of 1.08 and a quick ratio of 1.03. The business’s fifty day simple moving average is $32.60 and its 200-day simple moving average is $28.64.

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.