ENN Energy (OTCMKTS:XNGSY) Shares Gap Down – Here’s What Happened

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY – Get Free Report) shares gapped down before the market opened on Wednesday. The stock had previously closed at $25.74, but opened at $24.8825. ENN Energy shares last traded at $24.86, with a volume of 117 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded ENN Energy from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, ENN Energy has a consensus rating of “Hold”.

Check Out Our Latest Report on XNGSY

ENN Energy Stock Performance

The business’s 50 day moving average is $25.07 and its 200 day moving average is $27.95.

ENN Energy Company Profile

(Get Free Report)

ENN Energy Holdings Limited is a Chinese energy company focused primarily on natural gas distribution and related services. Through city-gas projects, it supplies piped natural gas to residential, commercial and industrial customers. The company also participates in natural gas sales and infrastructure, including liquefied natural gas (LNG), and provides integrated energy services such as distributed energy solutions. Its operations are concentrated in mainland China. Founded in 1992 as XinAo Gas, the company later adopted the ENN Energy name.

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