ENN Energy (OTCMKTS:XNGSY) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of ENN Energy (OTCMKTS:XNGSY) from a strong sell rating to a hold rating in a report issued on Tuesday morning,Zacks.com reports.

ENN Energy Price Performance

ENN Energy stock opened at $20.83 on Tuesday. ENN Energy has a 12-month low of $20.55 and a 12-month high of $39.40. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 0.19. The firm has a 50 day simple moving average of $27.45 and a 200-day simple moving average of $32.07.

ENN Energy Company Profile

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.