EDP – Energias de Portugal (OTCMKTS:ELCPF) Trading 11% Higher – Still a Buy?

EDP – Energias de Portugal, S.A. (OTCMKTS:ELCPFGet Free Report) traded up 11% on Thursday . The company traded as high as $5.2050 and last traded at $5.2050. 283 shares traded hands during trading, a decline of 89% from the average session volume of 2,677 shares. The stock had previously closed at $4.69.

EDP – Energias de Portugal Stock Up 0.1%

The stock has a 50 day moving average price of $4.55 and a 200 day moving average price of $4.48.

About EDP – Energias de Portugal

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EDP – Energias de Portugal (OTCMKTS: ELCPF) is a leading European energy company headquartered in Lisbon, Portugal. The firm is engaged in the generation, distribution and supply of electricity and natural gas, operating both conventional power plants and an extensive portfolio of renewable assets. Through its renewables arm, EDP Renováveis, the company develops, constructs and manages wind, solar and hydroelectric projects across multiple continents.

Founded in 1976 following the consolidation of several state-owned utilities, EDP underwent a phased privatization beginning in 1997 and has since expanded its footprint beyond the Iberian Peninsula.

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