ENN Energy (OTCMKTS:XNGSY) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Shares of ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $35.21 and traded as low as $34.93. ENN Energy shares last traded at $35.00, with a volume of 2,539 shares traded.

ENN Energy Price Performance

The company has a current ratio of 0.63, a quick ratio of 0.60 and a debt-to-equity ratio of 0.25. The firm’s fifty day moving average is $35.21 and its 200-day moving average is $34.66.

About ENN Energy

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.