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Enagas (OTCMKTS:ENGGY) Sees Unusually-High Trading Volume - Still a Buy?

Enagas logo with Utilities background

Key Points

  • Enagas experienced a significant increase in trading volume, with approximately 46,239 shares traded, reflecting a 967% increase from the previous session.
  • The company has declared a new dividend of $0.2379 per share, up from the previous $0.21, resulting in a remarkable dividend yield of 438.0%.
  • Despite the increased trading activity, Enagas stock was down 1.0% during the trading session, closing at $7.56.
  • Five stocks to consider instead of Enagas.

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 46,239 shares changed hands during mid-day trading, an increase of 967% from the previous session's volume of 4,333 shares.The stock last traded at $7.56 and had previously closed at $7.64.

Enagas Stock Down 1.0%

The business has a 50-day moving average of $7.69 and a 200 day moving average of $7.63. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.40 and a quick ratio of 1.36.

Enagas Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, July 18th. Stockholders of record on Tuesday, July 8th were given a dividend of $0.2379 per share. This is a boost from Enagas's previous dividend of $0.21. The ex-dividend date was Monday, July 7th. This represents a dividend yield of 438.0%.

About Enagas

(Get Free Report)

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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