Enagas (OTCMKTS:ENGGY) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• Enagas shares have crossed above their 200-day moving average, reaching a high of $7.79 during trading, with the stock last valued at $7.76.
• The company recently announced an increase in its dividend, from $0.21 to $0.2379, resulting in a significant dividend yield of 438.0%.
• Enagas operates in gas infrastructure development, providing essential services such as gas transportation and natural gas regasification both in Spain and internationally.

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.60 and traded as high as $7.79. Enagas shares last traded at $7.76, with a volume of 1,409 shares traded.

Enagas Price Performance

The business's fifty day moving average is $7.69 and its 200-day moving average is $7.63. 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 business also recently disclosed a dividend, which was paid on Friday, July 18th. Investors of record on Tuesday, July 8th were issued a dividend of $0.2379 per share. This represents a yield of 438.0%. This is a boost from Enagas's previous dividend of $0.21. The ex-dividend date 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.