ENN ENERGY HOLD/ADR (XNGSY) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of ENN ENERGY HOLD/ADR (OTCMKTS:XNGSY) from a buy rating to a hold rating in a research note released on Tuesday.

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. “

Separately, ValuEngine cut shares of ENN ENERGY HOLD/ADR from a buy rating to a hold rating in a research report on Wednesday, August 29th.

Shares of XNGSY opened at $37.60 on Tuesday. ENN ENERGY HOLD/ADR has a fifty-two week low of $25.83 and a fifty-two week high of $45.17. The firm has a market capitalization of $10.44 billion, a P/E ratio of 24.58, a price-to-earnings-growth ratio of 0.89 and a beta of 1.20. The company has a current ratio of 0.65, a quick ratio of 0.61 and a debt-to-equity ratio of 0.60.

ENN ENERGY HOLD/ADR Company Profile

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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