Ørsted A/S (OTCMKTS:DNNGY) Shares Gap Up – Time to Buy?

Ørsted A/S (OTCMKTS:DNNGY – Get Free Report) shares gapped up before the market opened on Tuesday. The stock had previously closed at $6.57, but opened at $6.88. Ørsted A/S shares last traded at $6.52, with a volume of 2,349 shares traded.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada upgraded shares of Ørsted A/S to a “moderate buy” rating in a research note on Tuesday, September 1st. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

View Our Latest Analysis on Ørsted A/S

Ørsted A/S Stock Performance

The stock has a 50-day moving average of $6.97 and a 200-day moving average of $7.66.

About Ørsted A/S

(Get Free Report)

Ørsted A/S is a Denmark-based renewable energy company focused primarily on developing, constructing, owning and operating offshore wind farms. The company also develops onshore wind and solar projects, battery storage facilities and other renewable energy infrastructure. Its activities include project development, engineering, construction, operations and maintenance, and the sale of renewable power.

The company was formerly known as DONG Energy and historically operated across oil, natural gas and conventional energy activities.

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