Genel Energy (LON:GENL) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Genel Energy plc (LON:GENL) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 68.12 ($0.90) and traded as low as GBX 54 ($0.72). Genel Energy shares last traded at GBX 54 ($0.72), with a volume of 173,613 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their target price on Genel Energy from GBX 98 ($1.30) to GBX 92 ($1.22) and set a “speculative buy” rating on the stock in a research report on Wednesday, March 19th.

Genel Energy Stock Performance

The company has a current ratio of 5.26, a quick ratio of 5.87 and a debt-to-equity ratio of 59.32. The stock has a market capitalization of £187.52 million, a price-to-earnings ratio of -8.85, a PEG ratio of -0.03 and a beta of 1.13. The stock’s 50 day moving average is GBX 61.86 and its 200 day moving average is GBX 68.12.

Genel Energy Company Profile

Genel Energy is a socially responsible oil producer with a low-cost and low-carbon production asset in the Kurdistan Region of Iraq and exploration assets in Oman, Morocco and Somaliland and listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). Genel’s strategy is designed to build a business with resilient and diversified cash flows that delivers sustainable value to shareholders, and with the aim of restarting the payment of a regular dividend.