Enagas (OTCMKTS:ENGGY) Sees Strong Trading Volume – Here’s Why

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) saw unusually-strong trading volume on Monday . Approximately 5,170 shares changed hands during mid-day trading, an increase of 28% from the previous session’s volume of 4,033 shares.The stock last traded at $7.90 and had previously closed at $7.83.

Wall Street Analyst Weigh In

Separately, Citigroup cut shares of Enagas from a “neutral” rating to a “sell” rating in a research report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Enagas Price Performance

The company has a quick ratio of 1.80, a current ratio of 1.83 and a debt-to-equity ratio of 0.44. The stock has a fifty day moving average of $8.05 and a 200-day moving average of $7.91.

About Enagas

Enagás, SA engages in the development, operation, and maintenance of gas infrastructures in Spain and internationally. The company provides gas transportation services through gas pipelines; natural gas regasification services; and operates underground storage facilities. It is involved in the operation and technical management of the basic network and secondary transportation network for natural gas.