Enagas (OTCMKTS:ENGGY) Sees Unusually-High Trading Volume - Here's Why

Key Points

• Enagas experienced a significant increase in trading volume, with approximately 13,054 shares changing hands, marking a 186% rise from the previous session.
• The company announced a dividend increase, with stockholders recently receiving $0.2379 per share, reflecting a dividend yield of 438.0%.
• Enagas operates in the gas infrastructure sector, providing essential services such as gas transportation and regasification, both in Spain and internationally.

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 13,054 shares traded hands during trading, an increase of 186% from the previous session's volume of 4,562 shares.The stock last traded at $7.61 and had previously closed at $7.66.

Enagas Stock Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.36 and a current ratio of 1.40. The firm's 50-day simple moving average is $7.93 and its two-hundred day simple moving average is $7.33.

Enagas Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 18th. Investors of record on Tuesday, July 8th were issued a dividend of $0.2379 per share. This is a positive change from Enagas's previous dividend of $0.21. This represents a dividend yield of 438.0%. The ex-dividend date was Monday, July 7th.

Enagas Company Profile

Enagás, SA engages in the development, operation, and maintenance of gas infrastructures in Spain and internationally. The company provides gas transportation services through gas pipelines; natural gas regasification services; and operates underground storage facilities. It is involved in the operation and technical management of the basic network and secondary transportation network for natural gas.