ENN Energy (OTCMKTS:XNGSY) Shares Gap Up – Here’s Why

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) shares gapped up before the market opened on Thursday . The stock had previously closed at $34.8440, but opened at $36.76. ENN Energy shares last traded at $35.1350, with a volume of 1,086 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded ENN Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

ENN Energy Price Performance

The company has a debt-to-equity ratio of 0.25, a current ratio of 0.63 and a quick ratio of 0.60. The firm’s 50-day moving average price is $35.75 and its two-hundred day moving average price is $34.43.

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.