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

Enagas logo with Utilities background
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Key Points

  • ENGGY crossed above its 200-day moving average, trading as high as $9.95 versus a 200-day MA of $8.48 on Friday (volume ~2,592 shares).
  • Analyst sentiment is weak: two analysts rate the stock as Hold and two as Sell, with a MarketBeat consensus of "Reduce" despite a recent upgrade to Neutral from BNP Paribas Exane.
  • Balance-sheet metrics show modest liquidity and moderate leverage, with a current ratio of 1.07, quick ratio of 1.04 and a debt-to-equity ratio of 1.19.
  • Five stocks we like better than Enagas.

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.48 and traded as high as $9.95. Enagas shares last traded at $9.95, with a volume of 2,592 shares.

Analyst Ratings Changes

ENGGY has been the topic of several analyst reports. BNP Paribas Exane upgraded shares of Enagas to a "neutral" rating in a research note on Tuesday, April 21st. Morgan Stanley reiterated an "underweight" rating on shares of Enagas in a research note on Tuesday, February 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Enagas in a research note on Thursday, April 23rd. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Enagas currently has a consensus rating of "Reduce".

Get Our Latest Stock Analysis on ENGGY

Enagas Price Performance

The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 1.19. The firm's fifty day moving average price is $9.22 and its two-hundred day moving average price is $8.48.

About Enagas

(Get Free Report)

Enagás is Spain's primary natural gas transmission company, specializing in the development, operation and maintenance of high-pressure gas pipeline networks and regasification terminals. The company manages over 12,000 kilometers of gas pipelines across the country and operates six strategic regasification plants, enabling the efficient receipt and redistribution of liquefied natural gas (LNG) imports. Enagás also provides technical management and system operator services, ensuring the stability and security of the national gas grid under a regulated framework.

Founded in 1972 to coordinate Spain's burgeoning gas infrastructure, Enagás was partially privatized and listed on the Madrid Stock Exchange in 2002, becoming a constituent of the IBEX 35 index.

See Also

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