OPG Power Ventures (LON:OPG) Hits New 12-Month Low – What’s Next?

OPG Power Ventures Plc (LON:OPG) shares reached a new 52-week low on Tuesday . The stock traded as low as GBX 4.10 and last traded at GBX 4.17, with a volume of 4666948 shares changing hands. The stock had previously closed at GBX 4.39.

OPG Power Ventures Stock Down 5.1%

The stock has a market cap of £16.69 million, a price-to-earnings ratio of 11.90, a price-to-earnings-growth ratio of 0.15 and a beta of 0.71. The firm’s fifty day moving average price is GBX 5.66 and its two-hundred day moving average price is GBX 6.70. The company has a debt-to-equity ratio of 12.26, a current ratio of 1.48 and a quick ratio of 0.32.

OPG Power Ventures Company Profile

OPG operates and develops power generation assets in India and currently has 414 MW in operation principally under the group captive model and 62MW of Solar assets.
OPG has been listed on the AIM market of the London Stock Exchange since May 2008 and since listing in 2008, the Company has grown from 20 MW of generating capacity to 476 MW, consistently delivering strong results as well as growth.
In our view India provides exciting and dynamic opportunities in our sector given its low and rising per capita consumption of electricity as well as India’s overall economic growth estimates.