ENN Energy (OTCMKTS:XNGSY) Stock Price Crosses Below Fifty Day Moving Average - What's Next?

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.

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 changing hands.

Analysts Set New Price Targets

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

ENN Energy Stock Performance

The business's 50-day moving average price is $32.58 and its 200 day moving average price is $31.74. 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

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.