Enel (OTCMKTS:ENLAY) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Shares of Enel SpA (OTCMKTS:ENLAY) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $7.20 and traded as low as $7.11. Enel shares last traded at $7.14, with a volume of 655,351 shares.

Analyst Ratings Changes

A number of brokerages have recently commented on ENLAY. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Enel in a report on Wednesday, October 2nd. They set a “hold” rating on the stock. Barclays upgraded shares of Enel to a “strong-buy” rating in a report on Friday, September 27th.

Enel Stock Up 0.8 %

The company has a fifty day simple moving average of $7.20 and a 200 day simple moving average of $7.33.

Enel Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Tuesday, January 21st will be paid a dividend of $0.2315 per share. This is a positive change from Enel’s previous dividend of $0.12. The ex-dividend date is Tuesday, January 21st.

About Enel

Enel SpA operates as an integrated operator in electricity and gas industries worldwide. It generates, distributes, transmits, and sells electricity; transports and markets natural gas; and constructs and operates generation plants and distribution grids. The company also provides energy management services; e-vehicle charging infrastructure for public and private customers; and engages in the energy commodities business.