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Enel (OTCMKTS:ENLAY) Sees Strong Trading Volume - Here's Why

Enel logo with Utilities background

Enel SpA (OTCMKTS:ENLAY - Get Free Report) shares saw an uptick in trading volume on Monday . 650,189 shares changed hands during mid-day trading, an increase of 43% from the previous session's volume of 455,890 shares.The stock last traded at $9.27 and had previously closed at $9.13.

Wall Street Analysts Forecast Growth

Separately, Barclays reissued an "overweight" rating on shares of Enel in a report on Friday, May 23rd.

Get Our Latest Analysis on ENLAY

Enel Price Performance

The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.80 and a current ratio of 0.87. The company has a 50 day moving average price of $8.85 and a two-hundred day moving average price of $7.87.

Enel (OTCMKTS:ENLAY - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $24.89 billion during the quarter, compared to analysts' expectations of $19.69 billion. Enel had a return on equity of 13.98% and a net margin of 8.70%. On average, sell-side analysts forecast that Enel SpA will post 0.71 earnings per share for the current fiscal year.

Enel Company Profile

(Get Free Report)

Enel SpA operates as an integrated operator in electricity and gas industries worldwide. It generates, distributes, transmits, and sells electricity; transports and markets natural gas; and constructs and operates generation plants and distribution grids. The company also provides energy management services; e-vehicle charging infrastructure for public and private customers; and engages in the energy commodities business.

Further Reading

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