Tenaga Nasional Berhad (OTCMKTS:TNABY) Sets New 12-Month High – Here’s Why

Tenaga Nasional Berhad (OTCMKTS:TNABYGet Free Report)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $15.70 and last traded at $15.60, with a volume of 2402 shares. The stock had previously closed at $15.5968.

Tenaga Nasional Berhad Trading Up 0.4%

The stock has a market cap of $22.57 billion, a PE ratio of 35.45 and a beta of -0.40. The firm has a fifty day simple moving average of $14.41 and a two-hundred day simple moving average of $13.77.

Tenaga Nasional Berhad Company Profile

(Get Free Report)

Tenaga Nasional Berhad (OTCMKTS: TNABY) is Malaysia’s largest integrated electricity utility, principally engaged in the generation, transmission, distribution and retail of electricity. The company operates a broad portfolio of power plants and manages the national grid infrastructure that delivers electricity to residential, commercial and industrial customers. Its operations encompass system planning, network operation and maintenance, meter services and customer supply functions typical of a vertically integrated utility.

TNB’s generation assets include thermal and hydroelectric facilities and the company has been expanding its participation in renewable energy and grid modernization initiatives.

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