Tenaga Nasional Berhad (OTCMKTS:TNABY) Shares Break Above 50-Day Moving Average – Here’s What Happened

Tenaga Nasional Berhad (OTCMKTS:TNABY)’s share price passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $12.83 and traded as high as $12.93. Tenaga Nasional Berhad shares last traded at $12.93, with a volume of 1,852 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Tenaga Nasional Berhad from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 3rd. One analyst has rated the stock with a Hold rating. According to MarketBeat, the company currently has an average rating of “Hold”.

Tenaga Nasional Berhad Price Performance

The stock has a 50-day moving average price of $12.83 and a 200-day moving average price of $14.11. The company has a market capitalization of $18.71 billion, a P/E ratio of 56.22 and a beta of -0.40.

Tenaga Nasional Berhad Company Profile

Tenaga Nasional Berhad (TNB) is Malaysia’s largest electricity utility and a major provider of power-related services. Its core activities include generating electricity and transmitting, distributing and selling power to customers, primarily in Peninsular Malaysia. The company operates power generation facilities and the high-voltage transmission and distribution networks that deliver electricity to homes, businesses and industries. TNB also provides services in areas such as energy solutions, engineering and renewable energy.