Dongfang Electric (DNGFF) Projected to Release Quarterly Earnings on Tuesday

Dongfang Electric (OTCMKTS:DNGFF) is expected to be issuing its results after the market closes on Tuesday, August 25th. Analysts expect the company to post earnings of $0.0342 per share and revenue of $3.6909 billion for the quarter.

Dongfang Electric Price Performance

Shares of OTCMKTS DNGFF opened at $2.80 on Friday. The stock has a 50 day moving average price of $2.94 and a 200 day moving average price of $3.97. Dongfang Electric has a 52 week low of $2.00 and a 52 week high of $5.75.

Dongfang Electric Company Profile

Dongfang Electric Corporation (OTCMKTS: DNGFF) is a leading Chinese state-owned enterprise specializing in the design, manufacture and installation of large-scale power generation equipment. Headquartered in Chengdu, Sichuan Province, the company offers a comprehensive portfolio that spans steam turbines, gas turbines, hydro turbines, boilers, generator sets, wind turbines and nuclear power plant components. In addition to core manufacturing, Dongfang Electric provides engineering, procurement, construction and installation (EPCI) services, as well as operations and maintenance support for power projects.

Founded in 1958 as the Chengdu Electric Machinery Plant and reorganized into its current corporate structure in 1984, Dongfang Electric is supervised by China’s State-owned Assets Supervision and Administration Commission (SASAC).