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

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Zacks Investment Research lowered shares of ENN ENERGY HOLD/ADR (OTCMKTS:XNGSY) from a hold rating to a sell rating in a research report released 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. “

Several other research firms have also issued reports on XNGSY. JPMorgan Chase & Co. lowered shares of ENN ENERGY HOLD/ADR from an overweight rating to a neutral rating in a report on Wednesday, June 24th. ValuEngine lowered shares of ENN ENERGY HOLD/ADR from a hold rating to a sell rating in a report on Wednesday, April 29th.

OTCMKTS XNGSY opened at $44.53 on Friday. The firm’s fifty day simple moving average is $46.60 and its two-hundred day simple moving average is $44.19. ENN ENERGY HOLD/ADR has a 12-month low of $30.59 and a 12-month high of $50.47.

The firm also recently declared an annual dividend, which will be paid on Thursday, August 6th. Shareholders of record on Monday, May 18th will be issued a $0.812 dividend. This represents a yield of 1.77%. This is a positive change from ENN ENERGY HOLD/ADR’s previous annual dividend of $0.50. The ex-dividend date of this dividend is Friday, May 15th.

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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