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

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $25.15, but opened at $26.1360. ENN Energy shares last traded at $26.1360, with a volume of 7,522 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of ENN Energy from a “strong sell” rating to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, ENN Energy currently has an average rating of “Hold”.

ENN Energy Trading Up 1.1%

The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $23.77 and a 200 day simple moving average of $27.59.

About ENN Energy

ENN Energy Holdings Limited is a China-based clean energy distributor that develops and operates urban gas businesses. The company primarily supplies natural gas to residential, commercial and industrial customers through city-gas networks, while also providing gas-related services for transportation, heating and other applications.

In addition to natural gas distribution, ENN Energy is involved in natural gas sales, liquefied natural gas activities and integrated energy services. Its offerings may include distributed energy, energy-efficiency solutions and other services designed to help commercial and industrial users manage their energy consumption and transition toward lower-carbon energy sources.

The company traces its origins to 1992 and has expanded its operations across numerous cities in mainland China.