ENN Energy (OTCMKTS:XNGSY) Shares Cross Below Fifty Day Moving Average – Here’s Why

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $35.56 and traded as low as $33.39. ENN Energy shares last traded at $34.4580, with a volume of 3,536 shares.

Analysts Set New Price Targets

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

ENN Energy Trading Down 1.5%

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.60 and a current ratio of 0.63. The firm’s 50 day moving average is $35.56 and its two-hundred day moving average is $34.48.

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.