Enagas (OTCMKTS:ENGGY) Shares Pass Above 200 Day Moving Average – Here’s Why

Shares of Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.98 and traded as high as $8.8835. Enagas shares last traded at $8.8550, with a volume of 256 shares traded.

Analyst Ratings Changes

ENGGY has been the topic of a number of recent analyst reports. Morgan Stanley reiterated an “underweight” rating on shares of Enagas in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lowered shares of Enagas to a “sell” rating in a research report on Monday, January 19th. Finally, Citigroup downgraded shares of Enagas from a “neutral” rating to a “sell” rating in a research report on Wednesday, December 3rd. Three equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Strong Sell”.

Enagas Trading Up 0.4%

The company has a current ratio of 1.83, a quick ratio of 1.80 and a debt-to-equity ratio of 0.44. The company’s fifty day simple moving average is $8.14 and its 200 day simple moving average is $7.98.

Enagas Company Profile

Enagás is Spain’s primary natural gas transmission company, specializing in the development, operation and maintenance of high-pressure gas pipeline networks and regasification terminals. The company manages over 12,000 kilometers of gas pipelines across the country and operates six strategic regasification plants, enabling the efficient receipt and redistribution of liquefied natural gas (LNG) imports. Enagás also provides technical management and system operator services, ensuring the stability and security of the national gas grid under a regulated framework.

Founded in 1972 to coordinate Spain’s burgeoning gas infrastructure, Enagás was partially privatized and listed on the Madrid Stock Exchange in 2002, becoming a constituent of the IBEX 35 index.