Shares of Enel Chile S.A. (NYSE:ENIC – Get Rating) hit a new 52-week low on Tuesday . The stock traded as low as $1.23 and last traded at $1.24, with a volume of 1441515 shares trading hands. The stock had previously closed at $1.30.
Separately, StockNews.com began coverage on shares of Enel Chile in a report on Thursday, March 31st. They issued a “hold” rating on the stock.
The firm’s 50-day moving average is $1.38 and its 200-day moving average is $1.65. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.58 and a current ratio of 0.59.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Wealth Planning Services Inc. bought a new position in shares of Enel Chile in the 4th quarter worth about $28,000. National Asset Management Inc. purchased a new stake in Enel Chile in the first quarter worth about $32,000. SPX Equities Gestao de Recursos Ltda bought a new position in shares of Enel Chile during the fourth quarter valued at approximately $37,000. Yousif Capital Management LLC purchased a new position in shares of Enel Chile during the fourth quarter valued at approximately $39,000. Finally, Cibc World Market Inc. bought a new stake in shares of Enel Chile in the 1st quarter worth approximately $37,000.
About Enel Chile (NYSE:ENIC)
Enel Chile SA, an electricity utility company, engages in the generation, transmission, and distribution of electricity in Chile. The company operates through Generation Business and Distribution Business segments. It generates electricity through various sources, such as hydroelectric, thermal, wind, solar, and geothermal power plants.
- Get a free copy of the StockNews.com research report on Enel Chile (ENIC)
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