Enagas (OTCMKTS:ENGGY) Shares Cross Above 200-Day Moving Average - Here's What Happened

Key Points

• Enagas' stock has crossed above its 200-day moving average of $7.50, trading at $7.60 with a volume of 429 shares.
• The company recently increased its dividend to $0.2379, reflecting a significant dividend yield of 438.0%, up from the previous $0.21.
• Enagas offers services related to the development, operation, and maintenance of gas infrastructure, including transportation and storage of natural gas in Spain and internationally.

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.50 and traded as high as $7.60. Enagas shares last traded at $7.60, with a volume of 429 shares trading hands.

Enagas Trading Up 0.7%

The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.36 and a current ratio of 1.40. The stock's 50 day simple moving average is $7.76 and its 200-day simple moving average is $7.51.

Enagas Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, July 18th. Shareholders of record on Tuesday, July 8th were issued a $0.2379 dividend. The ex-dividend date of this dividend was Monday, July 7th. This is a positive change from Enagas's previous dividend of $0.21. 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.