Enagas (OTCMKTS:ENGGY) Sees Large Volume Increase - What's Next?

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 - ) saw unusually-high trading volume on Tuesday . Approximately 13,054 shares changed 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 Trading Down 0.7%

The company has a current ratio of 1.40, a quick ratio of 1.36 and a debt-to-equity ratio of 0.42. The stock has a 50-day simple moving average of $7.96 and a 200 day simple moving average of $7.30.

Enagas Increases Dividend

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

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.

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