ENN Energy (OTCMKTS:XNGSY) Shares Gap Down - What's Next?

Key Points

• ENN Energy Holdings Ltd. experienced a significant share price decline, gapping down from $33.33 to $31.66 before settling at $32.87.
• The company declared a substantial dividend of $1.0154 per share, yielding 386.0%, which represents a significant increase from the previous dividend of $0.26.
• ENN Energy maintains a relatively low current ratio of 0.68 and debt-to-equity ratio of 0.26, indicating moderate liquidity and financial leverage.

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $33.33, but opened at $31.66. ENN Energy shares last traded at $32.87, with a volume of 32 shares.

ENN Energy Stock Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.64 and a current ratio of 0.68. The company's fifty day simple moving average is $32.57 and its two-hundred day simple moving average is $31.01.

ENN Energy Increases Dividend

The company also recently announced a dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, May 30th were issued a $1.0154 dividend. This is an increase from ENN Energy's previous dividend of $0.26. This represents a dividend yield of 386.0%. The ex-dividend date was Thursday, May 29th.

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.