Zacks Investment Research Downgrades ENN ENERGY HOLD/ADR (OTCMKTS:XNGSY) to Sell

ENN ENERGY HOLD/ADR (OTCMKTS:XNGSY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Saturday, Zacks.com reports.

According to Zacks, “ENN Energy Holdings Ltd., formerly known as XinAo Gas Holdings Limited, operates as a distributor of clean energy in Hong Kong. Its main business portfolio consists of the clean energy distribution including the city pipeline natural gas, LPG (Liquefied Petroleum Gas), vehicle refueling gas (CNG and LPG) and DME (dimethyl ether), the non-pipeline energy delivery, and other value added services on the basis of energy distribution. The Company operates in four divisions: gas connection, sales of piped gas, distributions of bottled liquefied petroleum gas, and sales of gas appliances. ENN Energy Holdings Ltd., formerly known as XinAo Gas Holdings Limited is headquartered in Langfang, China. “

Other analysts have also recently issued reports about the company. ValuEngine raised ENN ENERGY HOLD/ADR from a “strong sell” rating to a “sell” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. lowered ENN ENERGY HOLD/ADR from an “overweight” rating to a “neutral” rating in a research report on Wednesday, June 24th.

Shares of XNGSY stock opened at $43.04 on Friday. The company has a market capitalization of $12.12 billion, a PE ratio of 14.74 and a beta of 0.84. The firm has a fifty day simple moving average of $46.26 and a 200-day simple moving average of $44.70. The company has a current ratio of 0.62, a quick ratio of 0.59 and a debt-to-equity ratio of 0.40. ENN ENERGY HOLD/ADR has a twelve month low of $30.59 and a twelve month high of $50.47.

About ENN ENERGY HOLD/ADR

ENN Energy Holdings Limited, an investment holding company, engages in the investment in, construction, operation, and management of gas pipeline infrastructures, vehicle and ship refuelling stations, and integrated energy stations in the People's Republic of China. It operates through Gas Connection, Sales of Piped Gas, Vehicle Gas Refueling Stations, Wholesale of Gas, Sales of Integrated Energy and Services, Sales of Gas Appliances, and Sales of Material segments.

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