Ørsted A/S (OTCMKTS:DNNGY) Trading Down 1.8% – Here’s Why

Ørsted A/S (OTCMKTS:DNNGY) shares traded down 1.8% on Wednesday . The company traded as low as $6.9104 and last traded at $6.9350. 134,994 shares traded hands during trading, an increase of 42% from the average daily volume of 95,349 shares. The stock had previously closed at $7.06.

Analyst Upgrades and Downgrades

A number of research firms have commented on DNNGY. Morgan Stanley upgraded shares of Ørsted A/S from an “equal weight” rating to an “overweight” rating in a report on Thursday, May 14th. Royal Bank Of Canada upgraded Ørsted A/S to a “moderate buy” rating in a report on Tuesday. Finally, Zacks Research upgraded Ørsted A/S to a “hold” rating in a research report on Thursday, May 21st. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Ørsted A/S Trading Up 0.4%

The firm has a fifty day moving average price of $7.32 and a 200 day moving average price of $7.82.

About Ørsted A/S

Ørsted A/S (OTCMKTS:DNNGY) is a Denmark-based renewable energy company that specializes in the development, construction and operation of offshore wind farms. Formerly known as DONG Energy until its rebranding in 2017 to honor Danish scientist Hans Christian Ørsted, the company has grown into a global leader in offshore wind power and green energy solutions.

The company’s core activities include the full lifecycle management of offshore wind projects, encompassing site identification, engineering, turbine installation and long-term operations and maintenance.