OPG Power Ventures (LON:OPG) Stock Price Passes Below 200 Day Moving Average – What’s Next?

OPG Power Ventures Plc (LON:OPG) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 6.52 and traded as low as GBX 5.72. OPG Power Ventures shares last traded at GBX 5.80, with a volume of 5,734,404 shares trading hands.

OPG Power Ventures Stock Performance

The company has a debt-to-equity ratio of 12.26, a quick ratio of 0.32 and a current ratio of 1.48. The stock has a market cap of £23.24 million, a P/E ratio of 16.57, a price-to-earnings-growth ratio of 0.15 and a beta of 0.71. The firm’s fifty day simple moving average is GBX 6.22 and its 200-day simple moving average is GBX 6.54.

OPG Power Ventures (LON:OPG) last posted its quarterly earnings results on Tuesday, September 2nd. The solar energy provider reported GBX 0.35 EPS for the quarter. OPG Power Ventures had a net margin of 2.52% and a return on equity of 2.61%. Equities research analysts expect that OPG Power Ventures Plc will post 1.1836862 EPS for the current fiscal year.

About OPG Power Ventures

OPG operates and develops power generation assets in India and currently has 414 MW in operation principally under the group captive model and 62MW of Solar assets.
OPG has been listed on the AIM market of the London Stock Exchange since May 2008 and since listing in 2008, the Company has grown from 20 MW of generating capacity to 476 MW, consistently delivering strong results as well as growth.
In our view India provides exciting and dynamic opportunities in our sector given its low and rising per capita consumption of electricity as well as India’s overall economic growth estimates.