ENN Energy (OTCMKTS:XNGSY) Sets New 12-Month Low – Should You Sell?

Shares of ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) reached a new 52-week low during trading on Thursday . The stock traded as low as $25.00 and last traded at $25.6180, with a volume of 1566 shares trading hands. The stock had previously closed at $26.48.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of ENN Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

ENN Energy Price Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.59 and a current ratio of 0.64. The company’s 50-day simple moving average is $30.54 and its 200 day simple moving average is $33.59.

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.