Tenaga Nasional Berhad (OTCMKTS:TNABY – Get Free Report) traded down 10.3% on Tuesday. The company traded as low as $11.80 and last traded at $11.80. Approximately 648 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 1,380 shares. The stock had previously closed at $13.1532.
Wall Street Analyst Weigh In
Separately, Zacks Research raised Tenaga Nasional Berhad from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating. According to MarketBeat, the company presently has a consensus rating of “Strong Buy”.
View Our Latest Analysis on Tenaga Nasional Berhad
Tenaga Nasional Berhad Price Performance
The firm has a fifty day moving average of $13.41 and a 200 day moving average of $14.24.
About Tenaga Nasional Berhad
Tenaga Nasional Berhad (TNB) is a Malaysian electricity utility and one of the country’s largest corporate entities. Headquartered in Kuala Lumpur, the company is primarily involved in generating, transmitting, distributing and supplying electricity, serving residential, commercial and industrial customers.
TNB operates a diversified generation portfolio that includes coal, natural gas, hydroelectric power and renewable energy. Through its transmission and distribution networks, the company delivers electricity across Peninsular Malaysia and also has interests connected with electricity supply in Sabah.
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