Tenaga Nasional Berhad (OTCMKTS:TNABY) Shares Gap Up – Still a Buy?

Tenaga Nasional Berhad (OTCMKTS:TNABY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $12.75, but opened at $13.99. Tenaga Nasional Berhad shares last traded at $13.99, with a volume of 680 shares traded.

Analyst Ratings Changes

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

Tenaga Nasional Berhad Price Performance

The company has a market capitalization of $18.19 billion, a P/E ratio of 44.91 and a beta of -0.37. The company has a 50 day moving average of $14.33 and a 200-day moving average of $14.52.

Tenaga Nasional Berhad Company Profile

Tenaga Nasional Berhad (OTCMKTS:TNABY) is Malaysia’s largest integrated electricity utility and a government-linked company. Through its subsidiaries and operating businesses, the company generates, transmits, distributes and retails electricity, primarily serving customers in Peninsular Malaysia, with additional activities connected to Sabah and Labuan.

The company operates a diversified power-generation portfolio that includes conventional and renewable energy assets. Its transmission and distribution networks deliver electricity to residential, commercial and industrial customers, while its retail and energy-services activities support customer solutions, energy efficiency and related utility needs.

Tenaga Nasional has also expanded beyond its domestic utility base through investments in renewable energy, power generation and engineering-related businesses in selected international markets.