Tenaga Nasional Berhad (OTCMKTS:TNABY) Shares Gap Down – Time to Sell?

Tenaga Nasional Berhad (OTCMKTS:TNABY) shares gapped down prior to trading on Friday . The stock had previously closed at $15.34, but opened at $13.9368. Tenaga Nasional Berhad shares last traded at $13.9368, with a volume of 335 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Tenaga Nasional Berhad to a “hold” rating in a report on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Tenaga Nasional Berhad Stock Down 9.1%

The firm has a fifty day moving average of $14.54 and a 200-day moving average of $14.45. The firm has a market cap of $20.16 billion, a P/E ratio of 49.77 and a beta of -0.35.

Tenaga Nasional Berhad Company Profile

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.