ENN Energy (OTCMKTS:XNGSY) Shares Gap Down – Here’s What Happened

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) shares gapped down prior to trading on Wednesday. The stock had previously closed at $25.74, but opened at $24.8825. ENN Energy shares last traded at $24.86, with a volume of 117 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of ENN Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, ENN Energy presently has a consensus rating of “Hold”.

ENN Energy Stock Down 2.5%

The firm’s 50 day simple moving average is $25.07 and its 200-day simple moving average is $27.95.

ENN Energy Company Profile

ENN Energy Holdings Limited is a Chinese energy company focused primarily on natural gas distribution and related services. Through city-gas projects, it supplies piped natural gas to residential, commercial and industrial customers. The company also participates in natural gas sales and infrastructure, including liquefied natural gas (LNG), and provides integrated energy services such as distributed energy solutions. Its operations are concentrated in mainland China. Founded in 1992 as XinAo Gas, the company later adopted the ENN Energy name.