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

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $25.00 and last traded at $25.6180, with a volume of 1566 shares. 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 report on Tuesday, May 5th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

ENN Energy Trading Down 4.3%

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

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.