Shares of Ørsted A/S (OTCMKTS:DNNGY – Get Free Report) gapped down before the market opened on Wednesday after The Goldman Sachs Group downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $6.52, but opened at $6.22. Ørsted A/S shares last traded at $6.18, with a volume of 14,408 shares traded.
Separately, Royal Bank Of Canada raised Ørsted A/S to a “moderate buy” rating in a research report on Tuesday, September 1st. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Ørsted A/S has a consensus rating of “Moderate Buy”.
Get Our Latest Stock Analysis on DNNGY
Ørsted A/S Stock Up 0.3%
The company’s 50 day simple moving average is $6.92 and its 200 day simple moving average is $7.64.
Ørsted A/S Company Profile
Ørsted A/S is a Denmark-based renewable energy company focused primarily on developing, constructing, owning and operating offshore wind farms. The company also develops onshore wind and solar projects, battery storage facilities and other renewable energy infrastructure. Its activities include project development, engineering, construction, operations and maintenance, and the sale of renewable power.
The company was formerly known as DONG Energy and historically operated across oil, natural gas and conventional energy activities.
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