Enagas (OTCMKTS:ENGGY) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Enagas (OTCMKTS:ENGGY) stock price has surpassed its **200-day moving average**, reaching $7.85 during trading.
• Citigroup has initiated coverage on Enagas, issuing a **"hold" rating**, which aligns with the average rating of **"Hold"** based on current analyst ratings.
• The company focuses on **gas infrastructure** development and management in Spain and internationally, including transportation and storage services for natural gas.

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.70 and traded as high as $7.85. Enagas shares last traded at $7.85, with a volume of 1,381 shares changing hands.

Wall Street Analyst Weigh In

Separately, Citigroup initiated coverage on Enagas in a report on Monday. They issued a "hold" rating on the stock. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Enagas presently has an average rating of "Hold".

Enagas Stock Performance

The firm has a 50-day moving average of $7.70 and a 200-day moving average of $7.70. The company has a current ratio of 1.40, a quick ratio of 1.36 and a debt-to-equity ratio of 0.42.

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.

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