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

ENN Energy logo with Utilities background

Key Points

  • ENN Energy Holdings Ltd. shares gapped down from a previous close of $32.81 to open at $31.51 on Tuesday, with the last traded price at $32.85.
  • Zacks Research downgraded ENN Energy from a "hold" rating to a "strong sell" rating, contributing to a consensus rating of "Sell" for the stock.
  • The company's 50-day simple moving average stands at $32.80, indicating potential challenges in maintaining its share price over this period.
  • MarketBeat previews top five stocks to own in November.

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $32.81, but opened at $31.51. ENN Energy shares last traded at $32.85, with a volume of 310 shares trading 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 investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, ENN Energy currently has a consensus rating of "Sell".

Get Our Latest Analysis on XNGSY

ENN Energy Stock Up 1.1%

The business's 50 day simple moving average is $32.80 and its two-hundred day simple moving average is $32.38.

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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