OPG Power Ventures (LON:OPG) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of OPG Power Ventures Plc (LON:OPG) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 6.70 and traded as low as GBX 5.31. OPG Power Ventures shares last traded at GBX 5.50, with a volume of 1,752,128 shares traded.

OPG Power Ventures Trading Up 1.1%

The stock’s 50 day simple moving average is GBX 5.59 and its two-hundred day simple moving average is GBX 6.70. The stock has a market capitalization of £22.04 million, a PE ratio of 15.71, a PEG ratio of 0.15 and a beta of 0.71. 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.