Engie (OTCMKTS:ENGIY) Sets New 52-Week High – Time to Buy?

Engie SA (OTCMKTS:ENGIY)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $19.66 and last traded at $19.60, with a volume of 1705893 shares changing hands. The stock had previously closed at $19.50.

Wall Street Analyst Weigh In

ENGIY has been the topic of several analyst reports. Morgan Stanley restated an “overweight” rating on shares of Engie in a report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Engie in a research note on Monday, March 3rd.

Engie Price Performance

The stock’s fifty day moving average price is $17.68 and its two-hundred day moving average price is $16.92. The company has a quick ratio of 0.92, a current ratio of 0.99 and a debt-to-equity ratio of 1.09.

Engie Company Profile

ENGIE SA engages in the power, natural gas, and energy services businesses. It operates through Renewables, Networks, Energy Solutions, FlexGen, Retail, Nuclear, and Others segments. The Renewables segment comprises renewable energy generation activities, including financing, construction, operation, and maintenance of renewable energy facilities using various energy sources, such as hydroelectric, onshore wind, photovoltaic solar, offshore wind, and geothermal.