Ørsted A/S (OTCMKTS:DNNGY) Stock Price Up 1.1% – Time to Buy?

Ørsted A/S (OTCMKTS:DNNGY) traded up 1.1% on Tuesday . The stock traded as high as $7.4670 and last traded at $7.46. Approximately 84,549 shares were traded during mid-day trading, a decline of 45% from the average session volume of 153,683 shares. The stock had previously closed at $7.38.

Analyst Ratings Changes

DNNGY has been the topic of a number of recent research reports. Morgan Stanley raised Ørsted A/S from an “equal weight” rating to an “overweight” rating in a research report on Thursday, May 14th. Zacks Research raised Ørsted A/S to a “hold” rating in a report on Thursday, May 21st. Finally, The Goldman Sachs Group upgraded Ørsted A/S from a “neutral” rating to a “buy” rating in a research report on Monday, April 27th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Ørsted A/S Trading Up 1.1%

The firm’s 50-day moving average price is $8.26 and its two-hundred day moving average price is $7.72.

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.