Technip Energies (OTCMKTS:THNPY) Raised to Hold at Zacks Research

Technip Energies (OTCMKTS:THNPY) was upgraded by stock analysts at Zacks Research to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Technip Energies Price Performance

Shares of OTCMKTS:THNPY traded up $0.23 during trading on Monday, reaching $46.67. 218 shares of the company’s stock traded hands, compared to its average volume of 10,748. Technip Energies has a fifty-two week low of $32.61 and a fifty-two week high of $49.18. The company has a 50-day simple moving average of $40.55 and a 200-day simple moving average of $40.40.

About Technip Energies

Technip Energies N.V. is a global engineering and technology company formed in 2021 through the spin-off of the engineering and construction arm of TechnipFMC. Headquartered in Paris, France, the company specializes in delivering large-scale projects for the energy sector, with a particular emphasis on the transition to low-carbon solutions. Technip Energies combines deep technical expertise with integrated project management to support clients across the hydrocarbon value chain and emerging energy markets.

The company’s core offerings include front-end engineering design (FEED), detailed engineering, procurement and construction (EPC), and project management.