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

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $36.09, but opened at $34.45. ENN Energy shares last traded at $35.1850, with a volume of 1,353 shares traded.

Analyst Ratings Changes

Separately, Zacks Research upgraded ENN Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

ENN Energy Trading Up 0.6%

The stock has a fifty day simple moving average of $35.85 and a 200 day simple moving average of $33.81.

About ENN Energy

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.