Enagas (OTCMKTS:ENGGY) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Enagas shares have crossed above their 200-day moving average of $7.45, trading as high as $7.77 recently.
• The company has announced an increase in its dividend, now paying $0.2379 per share, up from the previous $0.21.
• Enagas holds a debt-to-equity ratio of 0.42 and has a current ratio of 1.40, indicating stable financial health.

Shares of Enagas SA Unsponsored ADR (OTCMKTS:ENGGY - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.45 and traded as high as $7.77. Enagas shares last traded at $7.74, with a volume of 1,457 shares.

Enagas Stock Performance

The company has a debt-to-equity ratio of 0.42, a current ratio of 1.40 and a quick ratio of 1.36. The stock's fifty day moving average is $7.82 and its two-hundred day moving average is $7.49.

Enagas Increases Dividend

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

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.