ENN Energy (OTCMKTS:XNGSY) Trading Up 5.1% – Time to Buy?

Shares of ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) shot up 5.1% during trading on Friday . The company traded as high as $25.87 and last traded at $25.87. 12,639 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 27,001 shares. The stock had previously closed at $24.62.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of ENN Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

ENN Energy Trading Up 5.1%

The stock has a 50-day moving average of $22.74 and a 200-day moving average of $28.48. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.64 and a quick ratio of 0.59.

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.