Enagas (OTCMKTS:ENGGY) Shares Gap Down – Here’s What Happened

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $7.97, but opened at $7.50. Enagas shares last traded at $7.50, with a volume of 514 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut shares of Enagas from a “neutral” rating to a “sell” rating in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Enagas Price Performance

The company has a 50-day moving average of $8.05 and a 200 day moving average of $7.90. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.80 and a current ratio of 1.83.

About Enagas

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.