ENN Energy (OTCMKTS:XNGSY) Shares Gap Down – Here’s What Happened

Shares of ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) gapped down before the market opened on Monday. The stock had previously closed at $24.75, but opened at $23.85. ENN Energy shares last traded at $24.77, with a volume of 306 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of ENN Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, ENN Energy currently has an average rating of “Hold”.

ENN Energy Stock Performance

The company has a 50-day moving average of $24.69 and a 200-day moving average of $26.54.

About ENN Energy

ENN Energy Holdings Limited is a China-based energy services company focused primarily on the distribution and sale of natural gas. The company supplies residential, commercial and industrial customers through city-gas networks and provides related connection, metering and customer services.

Its business activities also include natural-gas wholesale and retail operations, liquefied natural gas services, gas-filling services for vehicles and the development of integrated energy solutions.