Enel (OTCMKTS:ENLAY) Sees Unusually-High Trading Volume – Here’s What Happened

Enel SpA (OTCMKTS:ENLAY – Get Free Report) saw an uptick in trading volume on Wednesday . 1,100,670 shares were traded during mid-day trading, an increase of 124% from the previous session’s volume of 490,406 shares.The stock last traded at $11.35 and had previously closed at $11.45.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Morgan Stanley cut Enel from an “underweight” rating to an “underweight” rating in a report on Friday, May 1st. Barclays reaffirmed an “overweight” rating on shares of Enel in a research report on Tuesday, February 24th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Enel in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Enel currently has an average rating of “Reduce”.

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Enel Trading Down 0.4%

The company has a market cap of $115.95 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 3.61 and a beta of 0.83. The company has a quick ratio of 0.65, a current ratio of 0.72 and a debt-to-equity ratio of 1.22. The business has a 50-day simple moving average of $11.20 and a 200-day simple moving average of $10.78.

Enel (OTCMKTS:ENLAY – Get Free Report) last announced its earnings results on Thursday, May 7th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The firm had revenue of $23.95 billion during the quarter, compared to analysts’ expectations of $26.61 billion. Enel had a net margin of 7.91% and a return on equity of 12.66%. On average, analysts predict that Enel SpA will post 0.85 EPS for the current fiscal year.

About Enel

(Get Free Report)

Enel S.p.A. is a multinational energy company headquartered in Rome, Italy. It specializes in the generation, distribution and sale of electricity and gas, serving residential, commercial and industrial customers. Enel’s business activities encompass both conventional thermal power plants and a growing portfolio of renewable energy assets, including wind, solar, hydroelectric and geothermal installations. The company also provides advanced energy management services, electric vehicle charging infrastructure and demand response solutions.

Founded in 1962 as a state-owned electricity provider, Enel underwent partial privatization starting in the late 1990s and was listed on the Milan Stock Exchange in 1999.

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