Ørsted A/S (OTCMKTS:DNNGY) Shares Gap Up – Here’s What Happened

Shares of Ørsted A/S (OTCMKTS:DNNGY) gapped up before the market opened on Tuesday . The stock had previously closed at $6.99, but opened at $7.3793. Ørsted A/S shares last traded at $7.25, with a volume of 47,437 shares.

Analysts Set New Price Targets

DNNGY has been the topic of several recent research reports. Zacks Research upgraded Ørsted A/S to a “hold” rating in a report on Thursday, May 21st. Royal Bank Of Canada raised Ørsted A/S to a “moderate buy” rating in a report on Tuesday, September 1st. Finally, Morgan Stanley raised shares of Ørsted A/S from an “equal weight” rating to an “overweight” rating in a research note on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Ørsted A/S presently has a consensus rating of “Moderate Buy”.

Ørsted A/S Price Performance

The stock’s 50-day moving average is $7.29 and its 200 day moving average is $7.79.

About Ørsted A/S

Ørsted A/S is a Danish renewable energy company focused on developing, constructing, owning and operating clean energy assets. Its principal activities include offshore wind, onshore wind, solar power, energy storage and related renewable energy infrastructure. The company also provides associated operations and maintenance, energy management and power trading services.

Ørsted develops projects across several international markets, including Europe, North America and the Asia-Pacific region.