Tenaga Nasional Berhad (OTCMKTS:TNABY) Shares Gap Down – Time to Sell?

Tenaga Nasional Berhad (OTCMKTS:TNABY) shares gapped down prior to trading on Thursday . The stock had previously closed at $15.50, but opened at $13.7050. Tenaga Nasional Berhad shares last traded at $13.7050, with a volume of 310 shares traded.

Tenaga Nasional Berhad Stock Performance

The stock has a fifty day moving average of $14.80 and a 200 day moving average of $14.22. The company has a market capitalization of $19.83 billion, a P/E ratio of 31.15 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.