ENN Energy (OTCMKTS:XNGSY) Shares Gap Down - Here's What Happened

Key Points

• ENN Energy shares gapped down significantly from a previous close of $33.03 to open at $31.79, with the last traded price at $33.18.
• Zacks Research downgraded the stock's rating from "hold" to "strong sell," contributing to a consensus rating of "Sell" among analysts.
• The company's financial metrics include a quick ratio of 0.64 and a current ratio of 0.68, indicating potential liquidity concerns.

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $33.03, but opened at $31.79. ENN Energy shares last traded at $33.18, with a volume of 163 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut ENN Energy from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of "Sell".

ENN Energy Trading Down 0.1%

The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 0.26. The business has a 50 day simple moving average of $32.82 and a 200-day simple moving average of $32.36.

About ENN Energy

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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