ENN Energy (OTCMKTS:XNGSY) Shares Gap Up – Here’s Why

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) shares gapped up prior to trading on Monday . The stock had previously closed at $30.00, but opened at $32.08. ENN Energy shares last traded at $32.22, with a volume of 869 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of ENN Energy to a “hold” rating in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

ENN Energy Trading Up 7.5%

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.60 and a current ratio of 0.63. The firm has a 50-day simple moving average of $34.63 and a 200 day simple moving average of $34.90.

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.