Tenaga Nasional Berhad (OTCMKTS:TNABY) Shares Gap Up – Should You Buy?

Tenaga Nasional Berhad (OTCMKTS:TNABY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $13.93, but opened at $15.5968. Tenaga Nasional Berhad shares last traded at $15.5968, with a volume of 379 shares.

Tenaga Nasional Berhad Stock Up 0.4%

The stock has a 50-day moving average of $14.41 and a 200 day moving average of $13.77. The stock has a market cap of $22.57 billion, a PE ratio of 35.45 and a beta of -0.40.

About Tenaga Nasional Berhad

Tenaga Nasional Berhad (OTCMKTS: TNABY) is Malaysia’s largest integrated electricity utility, principally engaged in the generation, transmission, distribution and retail of electricity. The company operates a broad portfolio of power plants and manages the national grid infrastructure that delivers electricity to residential, commercial and industrial customers. Its operations encompass system planning, network operation and maintenance, meter services and customer supply functions typical of a vertically integrated utility.

TNB’s generation assets include thermal and hydroelectric facilities and the company has been expanding its participation in renewable energy and grid modernization initiatives.