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ENN Energy (OTCMKTS:XNGSY) Sees Large Volume Increase - Should You Buy?

ENN Energy logo with Utilities background

Key Points

  • ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) experienced a significant trading volume increase of 307% on Thursday, rising to approximately 235,433 shares traded compared to 57,863 shares the previous session.
  • The stock's latest trading price was $34.16, up from the previous close of $32.91, despite Zacks Research downgrading the stock from a "hold" to a "strong sell" rating.
  • The company has a healthy debt-to-equity ratio of 0.26 and a 50-day moving average of $32.63, indicating solid financial positioning despite a general "sell" rating from analysts.
  • Five stocks to consider instead of ENN Energy.

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 235,433 shares traded hands during mid-day trading, an increase of 307% from the previous session's volume of 57,863 shares.The stock last traded at $34.16 and had previously closed at $32.91.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered ENN Energy from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of "Sell".

Check Out Our Latest Stock Report on ENN Energy

ENN Energy Trading Up 3.3%

The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.64 and a current ratio of 0.68. The stock has a 50-day moving average of $32.63 and a 200 day moving average of $31.76.

About ENN Energy

(Get Free Report)

ENN Energy Holdings Limited, an investment holding company, engages in the investment, construction, operation, and management of gas pipeline infrastructure in the People's Republic of China. It operates through Retail Gas Sales Business, Integrated Energy Business, Wholesale of Gas, Construction and Installation, and Value Added Business segments.

Further Reading

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