Galp Energia, SGPS (OTCMKTS:GLPEY) Reaches New 52-Week Low – Here’s Why

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) shares reached a new 52-week low during trading on Monday . The company traded as low as $7.72 and last traded at $7.72, with a volume of 94480 shares changing hands. The stock had previously closed at $7.77.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on GLPEY shares. The Goldman Sachs Group raised shares of Galp Energia, SGPS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 4th. Berenberg Bank upgraded Galp Energia, SGPS to a “strong-buy” rating in a report on Friday, November 22nd.

Galp Energia, SGPS Trading Down 0.6 %

The business’s 50-day simple moving average is $8.42 and its two-hundred day simple moving average is $8.94. The stock has a market capitalization of $10.74 billion, a price-to-earnings ratio of 8.21 and a beta of 0.45. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.64 and a quick ratio of 1.40.

About Galp Energia, SGPS

Galp Energia, SGPS, SA operates as an integrated energy operator in Portugal and internationally. The company operates through four segments: Upstream, Industrial & Midstream, Commercial, and Renewables and New Business. The Upstream segment engages in the exploration, development, and production of hydrocarbons primarily in Brazil, Mozambique, Namibia, and Angola.