ENN Energy (OTCMKTS:XNGSY) Trading Down 3.5% - Should You Sell?

Key Points

• ENN Energy Holdings Ltd. shares fell by 3.5% during trading, closing at $32.63, with an abnormal volume of 2 shares traded compared to the average of 58,531 shares.
• Zacks Research downgraded ENN Energy from a "hold" rating to a "strong sell" rating, contributing to a consensus rating of "sell" among analysts.
• The company's financial metrics indicate liquidity issues, with a quick ratio of 0.64 and a current ratio of 0.68.

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY - Get Free Report) was down 3.5% during trading on Monday . The company traded as low as $32.63 and last traded at $32.63. Approximately 2 shares were traded during trading, a decline of 100% from the average daily volume of 58,531 shares. The stock had previously closed at $33.82.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of ENN Energy from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of "Sell".

ENN Energy Price Performance

The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average of $32.69 and a two-hundred day moving average of $31.93.

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.

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