OPG Power Ventures (LON:OPG) Share Price Passes Below 200 Day Moving Average – Here’s Why

OPG Power Ventures Plc (LON:OPG) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 7.91 ($0.10) and traded as low as GBX 4.89 ($0.06). OPG Power Ventures shares last traded at GBX 5.30 ($0.07), with a volume of 242,500 shares.

OPG Power Ventures Trading Up 7.1 %

The company has a market cap of £21.24 million, a PE ratio of 530.00, a PEG ratio of 0.15 and a beta of 0.71. The company has a debt-to-equity ratio of 16.80, a quick ratio of 0.32 and a current ratio of 1.54. The company has a 50 day simple moving average of GBX 5.25 and a two-hundred day simple moving average of GBX 7.91.

OPG Power Ventures (LON:OPG) last announced its quarterly earnings data on Friday, December 20th. The solar energy provider reported GBX 0.65 ($0.01) EPS for the quarter. OPG Power Ventures had a net margin of 2.64% and a return on equity of 2.40%. Sell-side analysts forecast that OPG Power Ventures Plc will post 1.1836862 EPS for the current year.

About OPG Power Ventures

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.