Enagas (OTCMKTS:ENGGY) Stock Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Enagas shares recently crossed above their 200-day moving average of $7.25, reaching a high of $7.57 before closing at $7.51.
• The company has announced an increase in its dividend to $0.2379 per share, reflecting a yield of 4.38%.
• Enagas operates gas infrastructure and provides services such as gas transportation, regasification, and underground storage both in Spain and internationally.

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.25 and traded as high as $7.57. Enagas shares last traded at $7.51, with a volume of 942 shares traded.

Enagas Trading Up 1.4%

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 business has a 50-day moving average price of $7.97 and a 200 day moving average price of $7.28.

Enagas Increases Dividend

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

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.