OPG Power Ventures (LON:OPG) Stock Price Down 8.8% – Here’s What Happened

Shares of OPG Power Ventures Plc (LON:OPG) fell 8.8% during trading on Saturday . The company traded as low as GBX 4.69 ($0.06) and last traded at GBX 4.70 ($0.06). 521,236 shares traded hands during mid-day trading, an increase of 169% from the average session volume of 193,622 shares. The stock had previously closed at GBX 5.15 ($0.06).

OPG Power Ventures Price Performance

The business’s 50 day moving average price is GBX 5.19 and its 200 day moving average price is GBX 8.13. The stock has a market capitalization of £18.81 million, a P/E ratio of 469.50, a price-to-earnings-growth ratio of 0.15 and a beta of 0.71. The company has a debt-to-equity ratio of 16.80, a current ratio of 1.54 and a quick ratio of 0.32.

OPG Power Ventures (LON:OPG) last announced 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 2.64% and a return on equity of 2.40%. Sell-side analysts forecast that OPG Power Ventures Plc will post 1.1836862 EPS for the current year.

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.