Tenaga Nasional Berhad (OTCMKTS:TNABY) Sees Unusually-High Trading Volume – Still a Buy?
by Sarita Garza · The Markets DailyTenaga Nasional Berhad (OTCMKTS:TNABY – Get Free Report) saw unusually-high trading volume on Thursday . Approximately 7,408 shares traded hands during mid-day trading, an increase of 1,085% from the previous session’s volume of 625 shares.The stock last traded at $14.65 and had previously closed at $14.12.
Tenaga Nasional Berhad Stock Performance
The company has a market capitalization of $21.20 billion, a PE ratio of 33.30 and a beta of -0.42. The firm’s 50-day simple moving average is $14.11 and its 200 day simple moving average is $13.47.
About Tenaga Nasional Berhad
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.