Enagas (OTCMKTS:ENGGY) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.85 and traded as high as $7.88. Enagas shares last traded at $7.8670, with a volume of 1,909 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently commented on ENGGY shares. Citigroup lowered shares of Enagas from a “neutral” rating to a “sell” rating in a research report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft downgraded shares of Enagas to a “sell” rating in a report on Monday. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Enagas Trading Down 2.2%

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 1.80. The business’s 50 day moving average is $7.95 and its two-hundred day moving average is $7.85.

Enagas Company Profile

Enagás is Spain’s primary natural gas transmission company, specializing in the development, operation and maintenance of high-pressure gas pipeline networks and regasification terminals. The company manages over 12,000 kilometers of gas pipelines across the country and operates six strategic regasification plants, enabling the efficient receipt and redistribution of liquefied natural gas (LNG) imports. Enagás also provides technical management and system operator services, ensuring the stability and security of the national gas grid under a regulated framework.

Founded in 1972 to coordinate Spain’s burgeoning gas infrastructure, Enagás was partially privatized and listed on the Madrid Stock Exchange in 2002, becoming a constituent of the IBEX 35 index.