Engie (OTCMKTS:ENGIY) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Engie SA (OTCMKTS:ENGIY)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $17.39 and traded as high as $17.43. Engie shares last traded at $17.33, with a volume of 91,294 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports 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. Deutsche Bank Aktiengesellschaft assumed coverage on Engie in a research report on Wednesday, October 2nd. They set a “hold” rating on the stock. Finally, Bank of America upgraded Engie from an “underperform” rating to a “neutral” rating in a research report on Wednesday, October 2nd.

Engie Stock Down 0.2 %

The company has a 50 day moving average of $17.39 and a 200 day moving average of $16.55.

About Engie

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.