Enel (OTCMKTS:ENLAY) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Enel SpA (OTCMKTS:ENLAY – Get Free Report)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.30 and traded as high as $11.31. Enel shares last traded at $11.28, with a volume of 336,753 shares changing hands.

Wall Street Analyst Weigh In

ENLAY has been the topic of several recent research reports. Morgan Stanley reiterated an “underweight” rating on shares of Enel in a report on Wednesday. Citigroup reaffirmed a “neutral” rating on shares of Enel in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

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Enel Price Performance

The firm’s 50-day moving average is $11.30 and its 200-day moving average is $11.05. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.80 and a quick ratio of 0.72. The company has a market capitalization of $114.68 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 3.57 and a beta of 0.81.

Enel (OTCMKTS:ENLAY – Get Free Report) last posted its earnings results on Thursday, May 7th. The utilities provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $23.95 billion for the quarter, compared to analysts’ expectations of $26.61 billion. Analysts predict that Enel SpA will post 0.85 EPS for the current fiscal year.

Enel Company Profile

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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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