Genel Energy (LON:GENL) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Genel Energy plc (LON:GENL) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 64.08 ($0.87) and traded as low as GBX 52.10 ($0.71). Genel Energy shares last traded at GBX 52.80 ($0.72), with a volume of 87,421 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group dropped their price target on shares of Genel Energy from GBX 98 ($1.33) to GBX 92 ($1.25) and set a “speculative buy” rating for the company in a research report on Wednesday, March 19th.

Genel Energy Trading Down 0.9%

The firm has a market capitalization of £183.35 million, a price-to-earnings ratio of -8.65, a PEG ratio of -0.03 and a beta of 1.13. The business’s 50-day simple moving average is GBX 56.60 and its two-hundred day simple moving average is GBX 64.08. The company has a quick ratio of 5.87, a current ratio of 5.26 and a debt-to-equity ratio of 59.32.

About Genel Energy

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.