ENN Energy (OTCMKTS:XNGSY) Shares Gap Up – Still a Buy?

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $35.26, but opened at $37.04. ENN Energy shares last traded at $35.49, with a volume of 139 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of ENN Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, ENN Energy presently has a consensus rating of “Hold”.

ENN Energy Trading Up 0.3%

The company has a 50-day moving average price of $36.09 and a 200-day moving average price of $34.13.

ENN Energy Company Profile

ENN Energy Holdings Limited is a leading city gas distribution and integrated energy services provider in the People’s Republic of China. The company’s core business spans the purchase, transmission and sale of natural gas, liquefied natural gas (LNG), compressed natural gas (CNG) and liquefied petroleum gas (LPG) through an extensive pipeline network. In addition to its traditional piped gas operations, ENN Energy offers installation and maintenance of gas appliances, emergency response services and energy consulting for residential, commercial and industrial customers.

Building on its gas distribution platform, ENN Energy has expanded into integrated energy projects that combine multiple energy sources such as gas, electricity, thermal energy and renewable fuels.