Ørsted A/S (OTCMKTS:DNNGY) Shares Gap Up – Should You Buy?

Ørsted A/S (OTCMKTS:DNNGY) gapped up prior to trading 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 changing hands.

Analyst Ratings Changes

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

Ørsted A/S Stock Up 3.4%

The business has a 50 day simple moving average of $7.31 and a 200-day simple moving average of $7.80.

Ørsted A/S Company Profile

Ørsted A/S (OTCMKTS:DNNGY) is a Denmark-based renewable energy company that specializes in the development, construction and operation of offshore wind farms. Formerly known as DONG Energy until its rebranding in 2017 to honor Danish scientist Hans Christian Ørsted, the company has grown into a global leader in offshore wind power and green energy solutions.

The company’s core activities include the full lifecycle management of offshore wind projects, encompassing site identification, engineering, turbine installation and long-term operations and maintenance.