Ørsted A/S (OTCMKTS:DNNGY) Sees Unusually-High Trading Volume – Here’s Why

Ørsted A/S (OTCMKTS:DNNGY) saw unusually-strong trading volume on Thursday. 338,176 shares traded hands during mid-day trading, an increase of 142% from the previous session’s volume of 139,726 shares. The stock last traded at $6.2258 and had previously closed at $6.21.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on DNNGY shares. Royal Bank Of Canada raised shares of Ørsted A/S to a “moderate buy” rating in a research report on Tuesday, September 1st. The Goldman Sachs Group lowered shares of Ørsted A/S from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Ørsted A/S has an average rating of “Moderate Buy”.

Ørsted A/S Stock Up 1.3%

The stock’s fifty day simple moving average is $6.90 and its 200 day simple moving average is $7.63.

About Ørsted A/S

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.