ENN Energy (OTCMKTS:XNGSY) Hits New 12-Month Low – Here’s Why

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $28.70 and last traded at $28.7650, with a volume of 22 shares. The stock had previously closed at $30.02.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of ENN Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

ENN Energy Stock Performance

The company has a 50 day simple moving average of $31.72 and a 200-day simple moving average of $34.22. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 0.19.

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.