OPG Power Ventures (LON:OPG) Shares Cross Below 200-Day Moving Average – What’s Next?

OPG Power Ventures Plc (LON:OPG) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 6.76 ($0.09) and traded as low as GBX 4.83 ($0.06). OPG Power Ventures shares last traded at GBX 4.90 ($0.06), with a volume of 550,770 shares trading hands.

OPG Power Ventures Price Performance

The stock has a 50-day moving average of GBX 4.87 and a two-hundred day moving average of GBX 6.69. The firm has a market cap of £19.41 million, a price-to-earnings ratio of 4.48, a price-to-earnings-growth ratio of 0.15 and a beta of 0.71. The company has a current ratio of 1.48, a quick ratio of 0.32 and a debt-to-equity ratio of 12.26.

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.