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ENN Energy (OTCMKTS:XNGSY) Stock Crosses Below Fifty Day Moving Average - Here's What Happened

ENN Energy logo with Utilities background

Shares of ENN Energy Holdings Ltd. (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 $32.06 and traded as low as $31.88. ENN Energy shares last traded at $32.95, with a volume of 2,151 shares trading hands.

ENN Energy Stock Down 2.5%

The stock has a fifty day moving average of $32.16 and a two-hundred day moving average of $29.93. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 0.26.

ENN Energy Increases Dividend

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

About ENN Energy

(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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