Enagas (OTCMKTS:ENGGY) Hits New 1-Year High – Here’s What Happened

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $9.78 and last traded at $9.78, with a volume of 2354 shares traded. The stock had previously closed at $8.5250.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Morgan Stanley reissued an “underweight” rating on shares of Enagas in a research report on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft lowered Enagas to a “sell” rating in a research report on Monday, January 19th. Finally, Citigroup downgraded Enagas from a “neutral” rating to a “sell” rating in a report on Wednesday, December 3rd. Three equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Strong Sell”.

Enagas Stock Up 16.5%

The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 1.19. The company has a fifty day moving average of $8.47 and a 200-day moving average of $8.11.

About Enagas

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.