Enel Chile (NYSE:ENIC) Stock Price Crosses Below 50-Day Moving Average of $2.80

Enel Chile S.A. (NYSE:ENIC - Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $2.80 and traded as low as $2.73. Enel Chile shares last traded at $2.74, with a volume of 1,598,149 shares traded.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Enel Chile from a "hold" rating to a "buy" rating in a research note on Friday, August 9th.

Enel Chile Price Performance

The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 5.27 and a beta of 1.17. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.05. The stock has a 50-day moving average price of $2.80 and a 200 day moving average price of $2.91.

Enel Chile (NYSE:ENIC - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.08 EPS for the quarter. The company had revenue of $1.35 billion during the quarter. Enel Chile had a net margin of 18.01% and a return on equity of 61.15%.

Institutional Investors Weigh In On Enel Chile

Large investors have recently modified their holdings of the business. Creative Planning grew its holdings in Enel Chile by 3.8% in the 2nd quarter. Creative Planning now owns 118,042 shares of the utilities provider's stock valued at $331,000 after buying an additional 4,323 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in Enel Chile by 1,114,700.0% during the second quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider's stock worth $31,000 after purchasing an additional 11,147 shares during the last quarter. Marshall Wace LLP acquired a new position in Enel Chile in the 2nd quarter valued at about $474,000. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Enel Chile by 26.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 60,714 shares of the utilities provider's stock worth $170,000 after buying an additional 12,821 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Enel Chile by 1.0% in the second quarter. Renaissance Technologies LLC now owns 2,432,488 shares of the utilities provider's stock valued at $6,811,000 after acquiring an additional 24,900 shares during the last quarter. Hedge funds and other institutional investors own 3.20% of the company's stock.

About Enel Chile

Enel Chile SA, an electricity utility company, engages in the generation, transmission, and distribution of electricity in Chile. The company operates through Generation, and Distribution and Networks Segments. It generates electricity through various sources, such as hydroelectric, thermal, wind, solar, and geothermal power plants.