Enagas (OTCMKTS:ENGGY) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Enagas' share price has crossed above its 200-day moving average of $7.37, trading as high as $7.72 with a volume of 3,696 shares.
• The company recently increased its dividend to $0.2379 per share from a previous $0.21, equating to a substantial dividend yield of 438.0%.
• Enagas operates and maintains gas infrastructures, providing gas transportation and natural gas regasification services both in Spain and internationally.

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY - ) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.37 and traded as high as $7.72. Enagas shares last traded at $7.72, with a volume of 3,696 shares traded.

Enagas Trading Up 1.0%

The business's 50-day moving average price is $7.90 and its two-hundred day moving average price is $7.37. The company has a current ratio of 1.40, a quick ratio of 1.36 and a debt-to-equity ratio of 0.42.

Enagas Increases Dividend

The company 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 positive change from Enagas's previous dividend of $0.21. This represents a dividend yield of 438.0%. The ex-dividend date of this dividend was Monday, July 7th.

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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