Enel (OTCMKTS:ENLAY) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

Enel SpA (OTCMKTS:ENLAY) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $10.06 and traded as high as $10.24. Enel shares last traded at $10.23, with a volume of 309,773 shares.

Wall Street Analyst Weigh In

ENLAY has been the topic of several research reports. Morgan Stanley lowered shares of Enel from an “overweight” rating to an “underweight” rating in a report on Wednesday, December 3rd. HSBC downgraded shares of Enel from a “buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Barclays restated an “overweight” rating on shares of Enel in a report on Thursday. Hsbc Global Res upgraded Enel to a “hold” rating in a report on Tuesday, October 7th. Finally, Zacks Research cut Enel from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Enel Trading Up 0.4%

The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.15. The company’s 50 day moving average is $10.06 and its 200-day moving average is $9.51.

Enel (OTCMKTS:ENLAY) last announced its earnings results on Thursday, November 13th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). The business had revenue of $21.98 billion for the quarter, compared to analysts’ expectations of $18.81 billion. Enel had a return on equity of 12.85% and a net margin of 7.91%. On average, equities analysts expect that Enel SpA will post 0.71 EPS for the current fiscal year.

Enel Company Profile

Enel SpA operates as an integrated operator in electricity and gas industries worldwide. It generates, distributes, transmits, and sells electricity; transports and markets natural gas; and constructs and operates generation plants and distribution grids. The company also provides energy management services; e-vehicle charging infrastructure for public and private customers; and engages in the energy commodities business.