ENN Energy (OTCMKTS:XNGSY) Sets New 1-Year Low – Time to Sell?

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) hit a new 52-week low during trading on Wednesday . The stock traded as low as $21.3750 and last traded at $21.3750, with a volume of 526 shares. The stock had previously closed at $22.46.

Wall Street Analyst Weigh In

Separately, Zacks Research cut 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, the company presently has a consensus rating of “Sell”.

ENN Energy Trading Down 3.1%

The firm’s fifty day moving average price is $28.79 and its two-hundred day moving average price is $32.76. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.64 and a quick ratio of 0.59.

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.