Tenaga Nasional Berhad (OTCMKTS:TNABY) Shares Gap Up – Time to Buy?

Tenaga Nasional Berhad (OTCMKTS:TNABY) gapped up prior to trading on Tuesday . The stock had previously closed at $13.9348, but opened at $14.5675. Tenaga Nasional Berhad shares last traded at $14.5675, with a volume of 198 shares trading hands.

Analyst Upgrades and Downgrades

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

Tenaga Nasional Berhad Stock Performance

The company’s fifty day simple moving average is $14.77 and its two-hundred day simple moving average is $14.42. The stock has a market capitalization of $21.08 billion, a PE ratio of 33.11 and a beta of -0.37.

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.