Energias de Portugal (OTCMKTS:EDPFY) Shares Gap Down - Here's Why

Key Points

• Shares gapped down pre-market, slipping from a prior close of $54.92 to an open of $50.91 and last trading around $51.27 on a light volume of 5,968 shares.
• The stock carries a market capitalization of $20.46 billion with a high trailing P/E of 66.50 and a low volatility profile (beta 0.59); its 50-day and 200-day simple moving averages are $52.27 and $49.33, respectively.
• Energias de Portugal is an integrated Portuguese energy company operating thermal, hydro, wind and solar assets and gas distribution, and its shares are available as ADRs in the U.S.

Energias de Portugal (OTCMKTS:EDPFY - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $54.92, but opened at $50.91. Energias de Portugal shares last traded at $51.2650, with a volume of 5,968 shares trading hands.

Energias de Portugal Stock Performance

The stock has a market capitalization of $20.46 billion, a P/E ratio of 66.50 and a beta of 0.59. The stock has a 50-day simple moving average of $52.27 and a 200 day simple moving average of $49.33.

Energias de Portugal Company Profile

Energias de Portugal, SA OTCMKTS: EDPFY is an integrated energy company headquartered in Lisbon, Portugal, with operations spanning electricity generation, distribution, and retail supply. The company manages a diversified portfolio of thermal, hydroelectric, wind and solar power facilities, positioning itself as a prominent player in both conventional and renewable energy markets. In addition to electricity, EDP is active in gas distribution and supply, serving residential, commercial and industrial customers.

Founded in 1976 through the nationalization of Portugal's power assets, EDP underwent privatization beginning in the mid-1990s and today maintains listings on multiple stock exchanges, including ADRs traded in the United States.

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