Zacks Investment Research downgraded shares of LIQUEFIED NAT G/S (OTCMKTS:LNGLY) from a buy rating to a hold rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “Liquefied Natural Gas Limited develops and operates small and medium scale liquefied natural gas projects primarily in Australia. It operates primarily in Perth, Australia; Lake Charles, Louisiana and Halifax, Nova Scotia. Liquefied Natural Gas Limited is based in Houston, Texas. “

Separately, Gabelli began coverage on shares of LIQUEFIED NAT G/S in a report on Monday, May 13th. They set a buy rating on the stock.

Shares of LNGLY stock opened at $0.60 on Wednesday. The company’s fifty day simple moving average is $0.69 and its two-hundred day simple moving average is $1.06. LIQUEFIED NAT G/S has a 1 year low of $0.54 and a 1 year high of $2.40.

LIQUEFIED NAT G/S Company Profile

Liquefied Natural Gas Limited, together with its subsidiaries, engages in the identification and progression of liquefied natural gas (LNG) development projects to facilitate the production and sale of LNG. It operates through LNG Infrastructure, and Technology and Licensing segments. The company's projects include the Magnolia LNG project located in Lake Charles, Louisiana, the United States; and the Bear Head LNG project situated in Point Tupper, Richmond County, Nova Scotia, Canada.

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