ENN Energy (OTCMKTS:XNGSY) Rating Lowered to “Strong Sell” at Zacks Research

ENN Energy (OTCMKTS:XNGSY) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday,Zacks.com reports.

ENN Energy Price Performance

Shares of OTCMKTS XNGSY opened at $23.92 on Wednesday. The firm has a 50-day simple moving average of $23.58 and a 200-day simple moving average of $30.00. ENN Energy has a 52 week low of $20.55 and a 52 week high of $39.40. The company has a current ratio of 0.64, a quick ratio of 0.59 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.