Enagas (OTCMKTS:ENGGY) Stock Passes Above 200-Day Moving Average – Time to Sell?

by · The Cerbat Gem

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.87 and traded as high as $8.06. Enagas shares last traded at $8.06, with a volume of 358 shares traded.

Wall Street Analyst Weigh In

Separately, Citigroup began coverage on Enagas in a research note on Monday, October 6th. They issued a “hold” rating for the company. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Enagas presently has an average rating of “Hold”.

Get Our Latest Stock Report on Enagas

Enagas Trading Up 1.4%

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 business’s 50-day simple moving average is $7.97 and its 200 day simple moving average is $7.87.

Enagas Company Profile

(Get Free Report)

Enagás, SA engages in the development, operation, and maintenance of gas infrastructures in Spain and internationally. The company provides gas transportation services through gas pipelines; natural gas regasification services; and operates underground storage facilities. It is involved in the operation and technical management of the basic network and secondary transportation network for natural gas.

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