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

Ørsted A/S (OTCMKTS:DNNGY – Get Free Report) shares gapped up prior to trading 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 trading hands.

Analyst Ratings Changes

Separately, Royal Bank Of Canada raised Ørsted A/S to a “moderate buy” rating in a report on Tuesday, September 1st. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Read Our Latest Stock Analysis on DNNGY

Ørsted A/S Stock Performance

The business’s 50 day moving average price is $6.97 and its 200-day moving average price is $7.66.

Ørsted A/S Company Profile

(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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