Enagas (OTCMKTS:ENGGY) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Enagas SA's stock price has recently surpassed its 200-day moving average during trading, reaching $7.75.
• The company's key financial metrics include a debt-to-equity ratio of 0.42 and a current ratio of 1.40, indicating stable financial health.
• Enagas specializes in the development and operation of gas infrastructures in Spain and internationally, providing services like gas transportation and regasification.

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY - )'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.66 and traded as high as $7.75. Enagas shares last traded at $7.75, with a volume of 9,261 shares trading hands.

Enagas Stock Performance

The business's 50-day moving average is $7.67 and its two-hundred day moving average is $7.66. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.40 and a quick ratio of 1.36.

About Enagas

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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