Shares of Tenaga Nasional Berhad (OTCMKTS:TNABY – Get Free Report) saw unusually-strong trading volume on Monday . Approximately 3,210 shares changed hands during mid-day trading, an increase of 232% from the previous session’s volume of 968 shares.The stock last traded at $13.36 and had previously closed at $15.40.
Tenaga Nasional Berhad Stock Down 1.1%
The stock has a market capitalization of $19.62 billion, a P/E ratio of 30.82 and a beta of -0.37. The firm’s 50 day simple moving average is $14.78 and its two-hundred day simple moving average is $14.25.
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.
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