Enel Américas S.A. (ENIA) Surges to 1 Year Low, Is Now Worst Performer

July 16, 2018 - By Ash Maslow

The stock of Enel Américas S.A. (NYSE:ENIA) hit a new 52-week low and has $7.79 target or 8.00 % below today’s $8.47 share price. The 6 months bearish chart indicates high risk for the $9.30 billion company. The 1-year low was reported on Jul, 16 by Barchart.com. If the $7.79 price target is reached, the company will be worth $744.08 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 1.01% or $0.09 during the last trading session, reaching $8.47. About 147,536 shares traded. Enel Américas S.A. (NYSE:ENIA) has risen 11.90% since July 16, 2017 and is uptrending. It has underperformed by 0.67% the S&P500.

More news for Enel Américas S.A. (NYSE:ENIA) were recently published by: Globenewswire.com, which released: “Recent Analysis Shows Enel Américas, ZAGG, DCT Industrial Trust, Community Healthcare Trust, Wabash National …” on June 18, 2018. Streetinsider.com‘s article titled: “Goldman Sachs Upgrades Enel Americas SA (ENIA) to Buy” and published on June 18, 2018 is yet another important article.

Enel Américas S.A. operates as an electricity utility company. The company has market cap of $9.30 billion. The company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Argentina, Brazil, Colombia, and Peru. It has a 11.3 P/E ratio. The firm generates electricity from hydroelectric and thermal energy sources.

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