ENN Energy (OTCMKTS:XNGSY) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $35.56 and traded as low as $33.39. ENN Energy shares last traded at $34.4580, with a volume of 3,536 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded ENN Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, ENN Energy has an average rating of “Hold”.

ENN Energy Stock Performance

The company has a quick ratio of 0.60, a current ratio of 0.63 and a debt-to-equity ratio of 0.25. The company has a 50 day moving average of $35.56 and a 200 day moving average of $34.48.

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.