Tenaga Nasional Berhad (OTCMKTS:TNABY) Sees Strong Trading Volume – Still a Buy?

Shares of Tenaga Nasional Berhad (OTCMKTS:TNABY) saw an uptick in trading volume on Friday. Approximately 4,685 shares traded hands during trading, an increase of 245% from the previous session’s volume of 1,358 shares. The stock last traded at $12.8304 and had previously closed at $12.85.

Analyst Ratings Changes

Separately, Zacks Research raised Tenaga Nasional Berhad from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat, Tenaga Nasional Berhad currently has a consensus rating of “Strong Buy”.

Tenaga Nasional Berhad Price Performance

The stock has a market capitalization of $18.56 billion, a price-to-earnings ratio of 55.78 and a beta of -0.40. The firm has a fifty day moving average of $13.36 and a 200 day moving average of $14.22.

About Tenaga Nasional Berhad

Tenaga Nasional Berhad (TNB) is a Malaysian electricity utility and one of the country’s largest corporate entities. Headquartered in Kuala Lumpur, the company is primarily involved in generating, transmitting, distributing and supplying electricity, serving residential, commercial and industrial customers.

TNB operates a diversified generation portfolio that includes coal, natural gas, hydroelectric power and renewable energy. Through its transmission and distribution networks, the company delivers electricity across Peninsular Malaysia and also has interests connected with electricity supply in Sabah.