OPG Power Ventures (LON:OPG) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of OPG Power Ventures Plc (LON:OPG) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 7.70 ($0.10) and traded as low as GBX 4.83 ($0.06). OPG Power Ventures shares last traded at GBX 4.85 ($0.06), with a volume of 105,767 shares changing hands.

OPG Power Ventures Stock Up 2.9 %

The stock has a 50 day moving average price of GBX 5.29 and a 200 day moving average price of GBX 7.70. The company has a market cap of £20.00 million, a P/E ratio of 4.62, a P/E/G ratio of 0.15 and a beta of 0.71. The company has a debt-to-equity ratio of 12.26, a quick ratio of 0.32 and a current ratio of 1.48.

OPG Power Ventures (LON:OPG) last issued its quarterly earnings results 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 2.52% and a return on equity of 2.61%. Research analysts expect that OPG Power Ventures Plc will post 1.1836862 earnings per share for the current fiscal 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.