ENN Energy (OTCMKTS:XNGSY) Shares Gap Up – Time to Buy?

Shares of ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) gapped up prior to trading on Monday . The stock had previously closed at $23.81, but opened at $24.73. ENN Energy shares last traded at $23.6701, with a volume of 3,771 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research cut shares of ENN Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

ENN Energy Price Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.59 and a current ratio of 0.64. The company has a 50 day moving average price of $22.73 and a 200 day moving average price of $29.14.

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.