Tenaga Nasional Berhad (OTCMKTS:TNABY) Shares Gap Down – What’s Next?

Tenaga Nasional Berhad (OTCMKTS:TNABY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $15.1296, but opened at $14.4032. Tenaga Nasional Berhad shares last traded at $14.4032, with a volume of 267 shares traded.

Analyst Ratings Changes

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

Tenaga Nasional Berhad Stock Performance

The stock has a 50-day moving average of $14.68 and a two-hundred day moving average of $14.62. The company has a market cap of $19.56 billion, a P/E ratio of 48.29 and a beta of -0.37.

About Tenaga Nasional Berhad

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.