ENN Energy (OTCMKTS:XNGSY) Shares Gap Up – Should You Buy?

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $34.8440, but opened at $36.76. ENN Energy shares last traded at $35.1350, with a volume of 1,086 shares trading hands.

Analyst Upgrades and Downgrades

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

ENN Energy Stock Up 1.0%

The firm has a 50 day moving average price of $35.80 and a two-hundred day moving average price of $34.41. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.60 and a current ratio of 0.63.

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.