Enagas (OTCMKTS:ENGGY) Stock Passes Above 200-Day Moving Average – Time to Sell?

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.87 and traded as high as $8.06. Enagas shares last traded at $8.06, with a volume of 358 shares traded.

Wall Street Analyst Weigh In

Separately, Citigroup began coverage on Enagas in a research note on Monday, October 6th. They issued a “hold” rating for the company. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Enagas presently has an average rating of “Hold”.

Enagas Trading Up 1.4%

The company has a current ratio of 1.83, a quick ratio of 1.80 and a debt-to-equity ratio of 0.44. The business’s 50-day simple moving average is $7.97 and its 200 day simple moving average is $7.87.

Enagas Company Profile

Enagás, SA engages in the development, operation, and maintenance of gas infrastructures in Spain and internationally. The company provides gas transportation services through gas pipelines; natural gas regasification services; and operates underground storage facilities. It is involved in the operation and technical management of the basic network and secondary transportation network for natural gas.