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ENN Energy (OTCMKTS:XNGSY) Downgraded by Zacks Research to "Strong Sell"

ENN Energy logo with Utilities background

Key Points

  • ENN Energy has been downgraded by Zacks Research from a "hold" rating to a "strong sell" rating.
  • As of Tuesday, ENN Energy shares opened at $32.58, with a fifty-two week range between $22.53 and $39.00.
  • The company focuses on the investment and management of gas pipeline infrastructure in the People's Republic of China.
  • MarketBeat previews the top five stocks to own by October 1st.

Zacks Research cut shares of ENN Energy (OTCMKTS:XNGSY - Free Report) from a hold rating to a strong sell rating in a research report sent to investors on Tuesday, September 2nd,Zacks.com reports.

ENN Energy Stock Down 1.5%

XNGSY traded down $0.51 on Tuesday, hitting $32.44. 614 shares of the company's stock traded hands, compared to its average volume of 58,493. The company's 50 day simple moving average is $32.58 and its 200-day simple moving average is $31.74. ENN Energy has a one year low of $22.53 and a one year high of $39.00. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio 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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