ENN Energy (OTCMKTS:XNGSY) Rating Lowered to Strong Sell at Zacks Research

ENN Energy (OTCMKTS:XNGSY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday,Zacks.com reports.

ENN Energy Price Performance

XNGSY opened at $23.92 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 0.19. The firm’s fifty day moving average price is $23.58 and its two-hundred day moving average price is $30.00. ENN Energy has a 1 year low of $20.55 and a 1 year high of $39.40.

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.