Enagas (OTCMKTS:ENGGY) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.88 and traded as high as $8.41. Enagas shares last traded at $8.38, with a volume of 3,206 shares trading hands.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Citigroup lowered Enagas from a “neutral” rating to a “sell” rating in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft downgraded shares of Enagas to a “sell” rating in a research report on Monday, January 19th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Enagas Stock Up 2.1%

The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.80 and a current ratio of 1.83. The firm has a 50 day moving average of $7.95 and a 200 day moving average of $7.88.

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.