Genel Energy (LON:GENL) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Genel Energy plc (LON:GENL)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 62.28 and traded as low as GBX 59.10. Genel Energy shares last traded at GBX 59.10, with a volume of 506,982 shares.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 90 price target on shares of Genel Energy in a report on Wednesday, February 4th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 85.

Genel Energy Price Performance

The company has a quick ratio of 5.87, a current ratio of 5.26 and a debt-to-equity ratio of 59.32. The firm’s fifty day moving average price is GBX 59.07 and its 200 day moving average price is GBX 62.28. The stock has a market cap of £164.10 million, a PE ratio of -3.03, a P/E/G ratio of -0.03 and a beta of 1.13.

Insider Buying and Selling

In other Genel Energy news, insider Yetik Mert sold 39,507 shares of the business’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of GBX 58, for a total value of £22,914.06. 26.33% of the stock is currently owned by insiders.

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.