Shares of Enagas SA Unsponsored ADR (OTCMKTS:ENGGY - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $9.9050 and last traded at $9.9050, with a volume of 185 shares changing hands. The stock had previously closed at $9.8450.
Analysts Set New Price Targets
A number of analysts have commented on ENGGY shares. Deutsche Bank Aktiengesellschaft cut shares of Enagas to a "sell" rating in a report on Monday, January 19th. Morgan Stanley reiterated an "underweight" rating on shares of Enagas in a research report on Tuesday, February 24th. Three investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Enagas currently has a consensus rating of "Strong Sell".
Check Out Our Latest Stock Analysis on ENGGY
Enagas Price Performance
The stock's 50-day simple moving average is $8.76 and its two-hundred day simple moving average is $8.23. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.07 and a quick ratio of 1.04.
Enagas Company Profile
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Enagás is Spain's primary natural gas transmission company, specializing in the development, operation and maintenance of high-pressure gas pipeline networks and regasification terminals. The company manages over 12,000 kilometers of gas pipelines across the country and operates six strategic regasification plants, enabling the efficient receipt and redistribution of liquefied natural gas (LNG) imports. Enagás also provides technical management and system operator services, ensuring the stability and security of the national gas grid under a regulated framework.
Founded in 1972 to coordinate Spain's burgeoning gas infrastructure, Enagás was partially privatized and listed on the Madrid Stock Exchange in 2002, becoming a constituent of the IBEX 35 index.
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