Ørsted A/S (OTCMKTS:DNNGY) Trading Up 1.1% – What’s Next?

Shares of Ørsted A/S (OTCMKTS:DNNGY) traded up 1.1% during trading on Tuesday . The company traded as high as $7.4670 and last traded at $7.46. Approximately 84,549 shares traded hands during trading, a decline of 45% from the average daily volume of 153,683 shares. The stock had previously closed at $7.38.

Analysts Set New Price Targets

Several research analysts recently issued reports on DNNGY shares. The Goldman Sachs Group upgraded shares of Ørsted A/S from a “neutral” rating to a “buy” rating in a research note on Monday, April 27th. Morgan Stanley raised shares of Ørsted A/S from an “equal weight” rating to an “overweight” rating in a research note on Thursday, May 14th. Finally, Zacks Research upgraded shares of Ørsted A/S to a “hold” rating in a report on Thursday, May 21st. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ørsted A/S currently has a consensus rating of “Moderate Buy”.

Ørsted A/S Stock Performance

The stock has a 50 day simple moving average of $8.25 and a 200-day simple moving average of $7.72.

About Ørsted A/S

Ørsted A/S (OTCMKTS:DNNGY) is a Denmark-based renewable energy company that specializes in the development, construction and operation of offshore wind farms. Formerly known as DONG Energy until its rebranding in 2017 to honor Danish scientist Hans Christian Ørsted, the company has grown into a global leader in offshore wind power and green energy solutions.

The company’s core activities include the full lifecycle management of offshore wind projects, encompassing site identification, engineering, turbine installation and long-term operations and maintenance.