ENN Energy (OTCMKTS:XNGSY) Shares Down 3.5% - Here's Why

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 mid-day trading on Monday . The company traded as low as $32.63 and last traded at $32.63. Approximately 2 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 58,531 shares. The stock had previously closed at $33.82.

Analyst Ratings Changes

Separately, Zacks Research cut ENN Energy from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of "Sell".

ENN Energy Stock Down 0.7%

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 stock's fifty day simple moving average is $32.79 and its 200 day simple moving average is $32.08.

ENN Energy Company Profile

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.