Enel (OTCMKTS:ENLAY) Stock Price Passes Below 50 Day Moving Average - Here's Why

Enel SpA (OTCMKTS:ENLAY - Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $7.13 and traded as low as $6.96. Enel shares last traded at $7.04, with a volume of 492,018 shares.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ENLAY. Barclays raised shares of Enel to a "strong-buy" rating in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft started coverage on Enel in a research report on Wednesday, October 2nd. They issued a "hold" rating on the stock.

Enel Trading Up 0.9 %

The business's 50-day simple moving average is $7.13 and its 200-day simple moving average is $7.35.

Enel Increases Dividend

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

Enel Company Profile

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.