Genel Energy (LON:GENL) Share Price Passes Below 200 Day Moving Average - Should You Sell?

Genel Energy plc (LON:GENL - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 68.12 ($0.90) and traded as low as GBX 54 ($0.72). Genel Energy shares last traded at GBX 54 ($0.72), with a volume of 173,613 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group dropped their price target on shares of Genel Energy from GBX 98 ($1.30) to GBX 92 ($1.22) and set a "speculative buy" rating on the stock in a research note on Wednesday, March 19th.

Genel Energy Stock Performance

The stock has a market cap of £187.52 million, a PE ratio of -8.85, a P/E/G ratio of -0.03 and a beta of 1.13. The firm's 50-day moving average is GBX 61.86 and its 200 day moving average is GBX 68.12. The company has a debt-to-equity ratio of 59.32, a quick ratio of 5.87 and a current ratio of 5.26.

Genel Energy Company Profile

Genel Energy is a socially responsible oil producer with a low-cost and low-carbon production asset in the Kurdistan Region of Iraq and exploration assets in Oman, Morocco and Somaliland and listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). Genel's strategy is designed to build a business with resilient and diversified cash flows that delivers sustainable value to shareholders, and with the aim of restarting the payment of a regular dividend.

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