ENN Energy (OTCMKTS:XNGSY) Sets New 52-Week Low - Time to Sell?

Key Points

• New 52‑week low: ENN Energy shares dipped to as low as $28.87 and last traded at $29.43 (down ~2.9%) on light volume (1,718 shares), trading well below its 50‑day ($34.01) and 200‑day ($34.83) moving averages.
• Analyst stance: Zacks Research raised the stock to a Hold on March 4, and the consensus rating shown by MarketBeat is currently Hold.
• Business profile: ENN Energy is a leading city gas distributor in China, selling natural gas, LNG, CNG and LPG and expanding into integrated energy projects that combine gas, electricity, thermal energy and renewables.

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY - Get Free Report) shares hit a new 52-week low on Friday . The stock traded as low as $28.87 and last traded at $29.4340, with a volume of 1718 shares. The stock had previously closed at $31.84.

Analysts Set New Price Targets

Separately, Zacks Research raised ENN Energy to a "hold" rating in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold".

ENN Energy Stock Down 2.9%

The stock's 50 day moving average is $34.01 and its 200 day moving average is $34.83.

ENN Energy Company Profile

ENN Energy Holdings Limited is a leading city gas distribution and integrated energy services provider in the People’s Republic of China. The company’s core business spans the purchase, transmission and sale of natural gas, liquefied natural gas (LNG), compressed natural gas (CNG) and liquefied petroleum gas (LPG) through an extensive pipeline network. In addition to its traditional piped gas operations, ENN Energy offers installation and maintenance of gas appliances, emergency response services and energy consulting for residential, commercial and industrial customers.

Building on its gas distribution platform, ENN Energy has expanded into integrated energy projects that combine multiple energy sources such as gas, electricity, thermal energy and renewable fuels.

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