Zacks Investment Research downgraded shares of Enn Energy Holding (NASDAQ:XNGSY) from a buy rating to a hold rating in a research report report published on Tuesday.

According to Zacks, “ENN Energy Holdings Ltd., formerly known as XinAo Gas Holdings Limited, operates as a distributor of clean energy in Hong Kong. Its main business portfolio consists of the clean energy distribution including the city pipeline natural gas, LPG (Liquefied Petroleum Gas), vehicle refueling gas (CNG and LPG) and DME (dimethyl ether), the non-pipeline energy delivery, and other value added services on the basis of energy distribution. The Company operates in four divisions: gas connection, sales of piped gas, distributions of bottled liquefied petroleum gas, and sales of gas appliances. ENN Energy Holdings Ltd., formerly known as XinAo Gas Holdings Limited is headquartered in Langfang, China. “

Shares of Enn Energy Holding (NASDAQ XNGSY) traded up $0.12 during midday trading on Tuesday, reaching $29.56. 2,656 shares of the company traded hands.

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