Enel (OTCMKTS:ENLAY) Stock Crosses Below 50-Day Moving Average – Should You Sell?

Shares of Enel SpA (OTCMKTS:ENLAY) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.21 and traded as low as $11.07. Enel shares last traded at $11.23, with a volume of 397,171 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have weighed in on ENLAY. Citigroup restated a “neutral” rating on shares of Enel in a report on Tuesday. Morgan Stanley lowered shares of Enel from an “underweight” rating to an “underweight” rating in a research note on Friday, May 1st. Finally, Barclays reissued an “overweight” rating on shares of Enel in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Enel Stock Performance

The company has a current ratio of 0.72, a quick ratio of 0.65 and a debt-to-equity ratio of 1.22. The firm has a fifty day moving average price of $11.21 and a 200 day moving average price of $10.83. The firm has a market cap of $114.17 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 3.46 and a beta of 0.83.

Enel (OTCMKTS:ENLAY) last released its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $23.95 billion for the quarter, compared to analysts’ expectations of $26.61 billion. Enel had a net margin of 7.91% and a return on equity of 12.66%. As a group, equities research analysts expect that Enel SpA will post 0.85 earnings per share for the current fiscal year.

Enel Company Profile

Enel S.p.A. is a multinational energy company headquartered in Rome, Italy. It specializes in the generation, distribution and sale of electricity and gas, serving residential, commercial and industrial customers. Enel’s business activities encompass both conventional thermal power plants and a growing portfolio of renewable energy assets, including wind, solar, hydroelectric and geothermal installations. The company also provides advanced energy management services, electric vehicle charging infrastructure and demand response solutions.

Founded in 1962 as a state-owned electricity provider, Enel underwent partial privatization starting in the late 1990s and was listed on the Milan Stock Exchange in 1999.