ENN Energy (OTCMKTS:XNGSY) Shares Gap Up – Here’s Why

ENN Energy Holdings Ltd. (OTCMKTS:XNGSYGet Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $21.54, but opened at $22.59. ENN Energy shares last traded at $22.6340, with a volume of 442 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research raised ENN Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Get Our Latest Stock Report on XNGSY

ENN Energy Stock Down 0.6%

The stock has a 50-day moving average price of $24.11 and a two-hundred day moving average price of $30.37. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 0.19.

ENN Energy Company Profile

(Get Free Report)

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.

Further Reading

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