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

Key Points

• Enagas SA's stock price recently surpassed its 200-day moving average at $7.31, with trading peaking at $7.64 during the day.
• The company declared an increased dividend of $0.2379, reflecting a substantial yield of 438%, up from the previous $0.21 per share.
• Enagas engages in the development and operation of gas infrastructure services, including transportation and regasification, both in Spain and internationally.

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY - )'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.31 and traded as high as $7.64. Enagas shares last traded at $7.62, with a volume of 40,115 shares traded.

Enagas Price Performance

The firm has a 50-day moving average price of $7.94 and a 200-day moving average price of $7.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.40 and a quick ratio of 1.36.

Enagas Increases Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.