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ENN Energy (OTCMKTS:XNGSY) Stock Price Crosses Below Fifty Day Moving Average - Time to Sell?

ENN Energy logo with Utilities background

Shares of ENN Energy Holdings Limited (OTCMKTS:XNGSY - Get Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $31.90 and traded as low as $31.26. ENN Energy shares last traded at $32.25, with a volume of 4,711 shares trading hands.

ENN Energy Stock Down 2.0%

The company has a debt-to-equity ratio of 0.31, a current ratio of 0.72 and a quick ratio of 0.67. The business's 50 day simple moving average is $31.86 and its 200 day simple moving average is $29.27.

ENN Energy Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, August 8th. Stockholders of record on Friday, May 30th will be paid a dividend of $1.0154 per share. This represents a dividend yield of 3.86%. The ex-dividend date of this dividend is Thursday, May 29th. This is a boost from ENN Energy's previous dividend of $0.26.

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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