Enel (OTCMKTS:ENLAY) Shares Cross Below 50-Day Moving Average – Should You Sell?

Enel SpA (OTCMKTS:ENLAY)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.21 and traded as low as $11.07. Enel shares last traded at $11.23, with a volume of 397,171 shares.

Analysts Set New Price Targets

Several brokerages have issued reports on ENLAY. Barclays reaffirmed an “overweight” rating on shares of Enel in a research report on Tuesday, February 24th. Morgan Stanley cut Enel from an “underweight” rating to an “underweight” rating in a research report on Friday, May 1st. Finally, Citigroup restated a “neutral” rating on shares of Enel in a report on Tuesday. One analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Enel Trading Down 1.1%

The company’s fifty day moving average is $11.22 and its two-hundred day moving average is $10.85. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.65 and a current ratio of 0.72. The company has a market cap of $114.38 billion, a price-to-earnings ratio of 14.80, a P/E/G ratio of 3.55 and a beta of 0.83.

Enel (OTCMKTS:ENLAY) last issued its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Enel had a return on equity of 12.66% and a net margin of 7.91%.The business had revenue of $23.95 billion during the quarter, compared to analyst estimates of $26.61 billion. On average, research analysts anticipate that Enel SpA will post 0.85 EPS for the current year.

About Enel

Enel S.p.A. is a multinational energy company headquartered in Rome, Italy. It specializes in the generation, distribution and sale of electricity and gas, serving residential, commercial and industrial customers. Enel’s business activities encompass both conventional thermal power plants and a growing portfolio of renewable energy assets, including wind, solar, hydroelectric and geothermal installations. The company also provides advanced energy management services, electric vehicle charging infrastructure and demand response solutions.

Founded in 1962 as a state-owned electricity provider, Enel underwent partial privatization starting in the late 1990s and was listed on the Milan Stock Exchange in 1999.