Tenaga Nasional Berhad (OTCMKTS:TNABY) Trading Up 0.7% – What’s Next?

Tenaga Nasional Berhad (OTCMKTS:TNABY) rose 0.7% during mid-day trading on Thursday . The stock traded as high as $15.2420 and last traded at $15.2420. 323 shares were traded during mid-day trading, an increase of 193% from the average daily volume of 110 shares. The stock had previously closed at $15.1296.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Tenaga Nasional Berhad to a “hold” rating in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Tenaga Nasional Berhad Stock Performance

The company has a 50-day simple moving average of $14.69 and a 200-day simple moving average of $14.60. The company has a market cap of $22.05 billion, a price-to-earnings ratio of 54.44 and a beta of -0.35.

Tenaga Nasional Berhad Company Profile

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.