Tenaga Nasional Berhad (OTCMKTS:TNABY) Shares Gap Down – Here’s Why

Tenaga Nasional Berhad (OTCMKTS:TNABYGet Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $14.62, but opened at $13.65. Tenaga Nasional Berhad shares last traded at $13.73, with a volume of 300 shares.

Tenaga Nasional Berhad Price Performance

The business has a fifty day moving average price of $13.62 and a two-hundred day moving average price of $13.14. The firm has a market cap of $19.81 billion, a PE ratio of 31.13 and a beta of -0.40.

About Tenaga Nasional Berhad

(Get Free Report)

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.

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