Enagas (OTCMKTS:ENGGY) Sets New 1-Year High – Time to Buy?

Shares of Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $8.56 and last traded at $8.56, with a volume of 172 shares traded. The stock had previously closed at $8.4850.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ENGGY. Deutsche Bank Aktiengesellschaft lowered Enagas to a “sell” rating in a research note on Monday, January 19th. Citigroup downgraded Enagas from a “neutral” rating to a “sell” rating in a research report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, Enagas currently has an average 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 price of $7.97 and a 200 day moving average price of $7.89.

Enagas Company Profile

Enagás is Spain’s primary natural gas transmission company, specializing in the development, operation and maintenance of high-pressure gas pipeline networks and regasification terminals. The company manages over 12,000 kilometers of gas pipelines across the country and operates six strategic regasification plants, enabling the efficient receipt and redistribution of liquefied natural gas (LNG) imports. Enagás also provides technical management and system operator services, ensuring the stability and security of the national gas grid under a regulated framework.

Founded in 1972 to coordinate Spain’s burgeoning gas infrastructure, Enagás was partially privatized and listed on the Madrid Stock Exchange in 2002, becoming a constituent of the IBEX 35 index.