ENN Energy (OTCMKTS:XNGSY) Rating Lowered to Strong Sell at Zacks Research

ENN Energy (OTCMKTS:XNGSY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

ENN Energy Stock Down 0.1%

ENN Energy stock traded down $0.05 during midday trading on Tuesday, reaching $31.08. The company’s stock had a trading volume of 16 shares, compared to its average volume of 5,594. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 0.19. The stock’s 50-day simple moving average is $33.20 and its 200-day simple moving average is $34.72. ENN Energy has a 52-week low of $28.87 and a 52-week high of $39.40.

ENN Energy Company Profile

ENN Energy Holdings Limited is a leading city gas distribution and integrated energy services provider in the People’s Republic of China. The company’s core business spans the purchase, transmission and sale of natural gas, liquefied natural gas (LNG), compressed natural gas (CNG) and liquefied petroleum gas (LPG) through an extensive pipeline network. In addition to its traditional piped gas operations, ENN Energy offers installation and maintenance of gas appliances, emergency response services and energy consulting for residential, commercial and industrial customers.

Building on its gas distribution platform, ENN Energy has expanded into integrated energy projects that combine multiple energy sources such as gas, electricity, thermal energy and renewable fuels.