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Engie (OTCMKTS:ENGIY) Shares Cross Below 50 Day Moving Average - Here's Why

Engie logo with Utilities background

Engie SA (OTCMKTS:ENGIY - Get Free Report)'s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $17.39 and traded as low as $16.79. Engie shares last traded at $16.93, with a volume of 102,887 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Sanford C. Bernstein assumed coverage on Engie in a research report on Wednesday, October 2nd. They set an "outperform" rating on the stock. Bank of America upgraded Engie from an "underperform" rating to a "neutral" rating in a research report on Wednesday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Engie in a research report on Wednesday, October 2nd. They set a "hold" rating on the stock.

Check Out Our Latest Report on Engie

Engie Trading Down 0.4 %

The firm has a 50-day moving average of $17.38 and a 200-day moving average of $16.56.

About Engie

(Get Free Report)

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.

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