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

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 - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Enagas Stock Down 0.3%

The company's fifty day simple moving average is $7.92 and its 200 day simple moving average is $7.35. The company has a quick ratio of 1.36, a current ratio of 1.40 and a debt-to-equity ratio of 0.42.

Enagas Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 18th. Investors of record on Tuesday, July 8th were paid a dividend of $0.2379 per share. This is a positive change from Enagas's previous dividend of $0.21. This represents a yield of 438.0%. The ex-dividend date of this dividend 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.