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

Tenaga Nasional Berhad (OTCMKTS:TNABYGet Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $12.92, but opened at $13.50. Tenaga Nasional Berhad shares last traded at $13.50, with a volume of 489 shares changing hands.

Analyst Ratings Changes

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

Check Out Our Latest Analysis on TNABY

Tenaga Nasional Berhad Price Performance

The firm has a market cap of $19.53 billion, a price-to-earnings ratio of 48.21 and a beta of -0.37. The firm has a 50 day moving average price of $14.26 and a 200-day moving average price of $14.48.

Tenaga Nasional Berhad Company Profile

(Get Free Report)

Tenaga Nasional Berhad (OTCMKTS:TNABY) is Malaysia’s largest integrated electricity utility and a government-linked company. Through its subsidiaries and operating businesses, the company generates, transmits, distributes and retails electricity, primarily serving customers in Peninsular Malaysia, with additional activities connected to Sabah and Labuan.

The company operates a diversified power-generation portfolio that includes conventional and renewable energy assets. Its transmission and distribution networks deliver electricity to residential, commercial and industrial customers, while its retail and energy-services activities support customer solutions, energy efficiency and related utility needs.

Tenaga Nasional has also expanded beyond its domestic utility base through investments in renewable energy, power generation and engineering-related businesses in selected international markets.

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