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

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $37.80, but opened at $35.11. ENN Energy shares last traded at $37.1850, with a volume of 705 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of 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, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

ENN Energy Price Performance

The business’s 50-day simple moving average is $35.09 and its 200 day simple moving average is $33.49.

ENN Energy Company Profile

ENN Energy Holdings Limited, an investment holding company, engages in the investment, construction, operation, and management of gas pipeline infrastructure in the People's Republic of China. It operates through Retail Gas Sales Business, Integrated Energy Business, Wholesale of Gas, Construction and Installation, and Value Added Business segments.