ENN ENERGY HOLD/ADR (OTCMKTS:XNGSY) Rating Lowered to Sell at Zacks Investment Research

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. “

A number of other equities analysts have also recently commented on XNGSY. ValuEngine cut ENN ENERGY HOLD/ADR from a “hold” rating to a “sell” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. cut ENN ENERGY HOLD/ADR from an “overweight” rating to a “neutral” rating in a report on Wednesday.

ENN ENERGY HOLD/ADR stock traded down $0.96 during midday trading on Friday, reaching $45.63. 9,081 shares of the stock traded hands, compared to its average volume of 27,317. The company has a 50-day simple moving average of $46.60 and a two-hundred day simple moving average of $44.10. ENN ENERGY HOLD/ADR has a 12-month low of $30.59 and a 12-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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