ENN Energy (OTCMKTS:XNGSY) Shares Gap Down - Should You Sell?

Key Points

• ENN Energy shares experienced a significant gap down, opening at $32.41 compared to a previous close of $33.81, and are currently trading at $33.67.
• Zacks Research has downgraded ENN Energy from a "hold" to a "strong sell" rating, contributing to a consensus rating of "sell" from investment analysts.
• The company operates in gas pipeline infrastructure in China and has a debt-to-equity ratio of 0.26, with a current ratio of 0.68.

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $33.81, but opened at $32.41. ENN Energy shares last traded at $33.67, with a volume of 178 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of ENN Energy from a "hold" rating to a "strong sell" rating in a research note 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".

ENN Energy Stock Performance

The company's fifty day moving average is $32.71 and its 200 day moving average is $31.97. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.68 and a quick ratio of 0.64.

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.

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