ENN Energy (OTCMKTS:XNGSY) Hits New 1-Year Low – Should You Sell?

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) shares hit a new 52-week low on Tuesday . The stock traded as low as $20.55 and last traded at $20.75, with a volume of 3181 shares changing hands. The stock had previously closed at $21.41.

Analyst Upgrades and Downgrades

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

ENN Energy Trading Up 0.6%

The company has a debt-to-equity ratio of 0.19, a current ratio of 0.64 and a quick ratio of 0.59. The stock has a 50-day moving average of $27.45 and a 200-day moving average of $32.07.

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.