Galp Energia, SGPS (OTCMKTS:GLPEY) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Shares of Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $8.34 and traded as low as $7.96. Galp Energia, SGPS shares last traded at $8.05, with a volume of 104,634 shares trading hands.

Analyst Ratings Changes

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

Galp Energia, SGPS Price Performance

The business has a 50 day moving average price of $8.34 and a two-hundred day moving average price of $8.82. The stock has a market cap of $11.19 billion, a PE ratio of 8.56 and a beta of 0.43. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.40 and a current ratio of 1.64.

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.