Engie (OTCMKTS:ENGIY) Sets New 1-Year High – What’s Next?

Engie SA (OTCMKTS:ENGIY) shares reached a new 52-week high on Monday . The company traded as high as $22.01 and last traded at $21.36, with a volume of 101412 shares changing hands. The stock had previously closed at $21.42.

Wall Street Analyst Weigh In

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

Engie Price Performance

The firm’s 50 day moving average price is $18.79 and its two-hundred day moving average price is $17.19. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.99 and a quick ratio of 0.92.

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.