Engie (OTCMKTS:ENGIY) Sets New 52-Week High – Should You Buy?

Engie SA (OTCMKTS:ENGIY) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $19.27 and last traded at $19.24, with a volume of 135741 shares traded. The stock had previously closed at $19.08.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ENGIY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Engie in a report on Monday, March 3rd. Morgan Stanley reissued an “overweight” rating on shares of Engie in a research report on Tuesday, March 11th.

Engie Price Performance

The company has a current ratio of 0.99, a quick ratio of 0.92 and a debt-to-equity ratio of 1.09. The firm has a 50-day moving average of $17.36 and a two-hundred day moving average of $16.85.

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.