ENN Energy (OTCMKTS:XNGSY) Stock Rating Upgraded by Zacks Research

ENN Energy (OTCMKTS:XNGSY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday, Zacks reports.

ENN Energy Price Performance

OTCMKTS XNGSY opened at $25.28 on Monday. The firm’s fifty day simple moving average is $23.77 and its two-hundred day simple moving average is $27.59. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 0.19. ENN Energy has a 12-month low of $20.55 and a 12-month high of $39.40.

About ENN Energy

ENN Energy Holdings Limited is a China-based clean energy distributor that develops and operates urban gas businesses. The company primarily supplies natural gas to residential, commercial and industrial customers through city-gas networks, while also providing gas-related services for transportation, heating and other applications.

In addition to natural gas distribution, ENN Energy is involved in natural gas sales, liquefied natural gas activities and integrated energy services. Its offerings may include distributed energy, energy-efficiency solutions and other services designed to help commercial and industrial users manage their energy consumption and transition toward lower-carbon energy sources.

The company traces its origins to 1992 and has expanded its operations across numerous cities in mainland China.