Tenaga Nasional Berhad (OTCMKTS:TNABY) Shares Gap Down – What’s Next?

Shares of Tenaga Nasional Berhad (OTCMKTS:TNABY – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $15.02, but opened at $14.50. Tenaga Nasional Berhad shares last traded at $14.50, with a volume of 150 shares trading hands.

Tenaga Nasional Berhad Trading Down 3.5%

The firm’s fifty day moving average price is $14.79 and its 200 day moving average price is $14.33. The firm has a market capitalization of $20.98 billion, a PE ratio of 32.95 and a beta of -0.37.

Tenaga Nasional Berhad Company Profile

(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.

Recommended Stories

• Five stocks we like better than Tenaga Nasional Berhad
• Draining the Tank: Big Oil Runs on Fumes
• Microsoft’s Xbox Problem Is Bigger Than a Console War
• Dave & Buster’s Q1 Miss Raises the Stakes for Its Turnaround Plan
• Flying Under the Radar: Lockheed Martin’s $2.8B Stealth Setup