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ENN Energy (OTCMKTS:XNGSY) Stock Price Passes Below Fifty Day Moving Average - Here's What Happened

ENN Energy logo with Utilities background

Key Points

  • ENN Energy Holdings Ltd. shares fell below their 50-day moving average of $32.53, trading as low as $31.33.
  • The stock is currently priced at $32.58, reflecting a 1.8% increase in value.
  • ENN Energy engages in the investment and management of gas pipeline infrastructure primarily in China.
  • Five stocks to consider instead of ENN Energy.

Shares of ENN Energy Holdings Ltd. (OTCMKTS:XNGSY - Get Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $32.53 and traded as low as $31.33. ENN Energy shares last traded at $32.58, with a volume of 2,048 shares.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of ENN Energy from a "hold" rating to a "strong sell" rating in a research note on Tuesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, ENN Energy presently has an average rating of "Sell".

Read Our Latest Stock Report on XNGSY

ENN Energy Trading Up 1.5%

The company has a 50 day moving average of $32.55 and a two-hundred day moving average of $31.67. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.64 and a current ratio of 0.68.

ENN Energy Company Profile

(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.

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