Terna (OTCMKTS:TERRF) Trading Down 3% – Here’s What Happened

Terna S.p.A. (OTCMKTS:TERRF) shares dropped 3% during trading on Friday . The stock traded as low as $10.9050 and last traded at $10.9050. Approximately 410 shares were traded during mid-day trading, an increase of 15% from the average daily volume of 355 shares. The stock had previously closed at $11.24.

Analysts Set New Price Targets

Separately, Jefferies Financial Group began coverage on shares of Terna in a research report on Friday, January 23rd. They issued a “hold” rating on the stock. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Terna Stock Performance

The firm’s 50 day simple moving average is $10.25 and its 200-day simple moving average is $10.10.

Terna Company Profile

Terna S.p.A. is Italy’s primary electricity transmission system operator, responsible for the design, construction, maintenance and operation of the country’s high-voltage power grid. Headquartered in Rome, the company ensures secure and reliable transport of electricity across regional and national borders, managing an extensive network of over 75,000 kilometers of lines. Terna focuses on grid stability, system balancing and the integration of renewable energy sources, addressing the evolving needs of Italy’s power market while supporting national energy transition goals.

Since its establishment in 1999 following the unbundling of Italy’s power sector, Terna has evolved into a leading transmission specialist in Europe.