ENN Energy (OTCMKTS:XNGSY) Downgraded by Zacks Research to Strong Sell

Zacks Research cut shares of ENN Energy (OTCMKTS:XNGSY) from a hold rating to a strong sell rating in a report published on Tuesday,Zacks.com reports.

ENN Energy Price Performance

Shares of XNGSY opened at $31.08 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.64 and a quick ratio of 0.59. ENN Energy has a 12 month low of $28.87 and a 12 month high of $39.40. The stock’s 50 day moving average is $33.20 and its two-hundred day moving average is $34.72.

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.