ENN Energy (OTCMKTS:XNGSY) Sets New 52-Week Low – Here’s What Happened

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $21.5501 and last traded at $22.05, with a volume of 643315 shares. The stock had previously closed at $23.56.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of ENN Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

ENN Energy Stock Performance

The firm has a 50-day simple moving average of $29.84 and a 200 day simple moving average of $33.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.64 and a quick ratio of 0.59.

About ENN Energy

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.