Enel (OTCMKTS:ENLAY) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Enel SpA (OTCMKTS:ENLAY)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $7.13 and traded as low as $6.96. Enel shares last traded at $7.04, with a volume of 492,018 shares.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ENLAY shares. Barclays upgraded Enel to a “strong-buy” rating in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft began coverage on Enel in a report on Wednesday, October 2nd. They issued a “hold” rating on the stock.

Enel Stock Performance

The firm’s 50 day moving average is $7.12 and its 200-day moving average is $7.35.

Enel Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, February 12th. Investors of record on Tuesday, January 21st will be issued a $0.2315 dividend. The ex-dividend date is Tuesday, January 21st. This is a boost from Enel’s previous dividend of $0.12.

About Enel

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.