OPG Power Ventures (LON:OPG) Shares Down 2.9% – Here’s What Happened

OPG Power Ventures Plc (LON:OPG)’s share price dropped 2.9% during mid-day trading on Friday . The stock traded as low as GBX 4.80 ($0.06) and last traded at GBX 5 ($0.06). Approximately 170,694 shares traded hands during mid-day trading, a decline of 4% from the average daily volume of 177,688 shares. The stock had previously closed at GBX 5.15 ($0.06).

OPG Power Ventures Stock Performance

The company has a market cap of £20.04 million, a P/E ratio of 500.00, a PEG ratio of 0.15 and a beta of 0.71. The business’s 50 day simple moving average is GBX 5.18 and its 200 day simple moving average is GBX 8.16. The company has a current ratio of 1.54, a quick ratio of 0.32 and a debt-to-equity ratio of 16.80.

OPG Power Ventures (LON:OPG) last issued its earnings results on Friday, December 20th. The solar energy provider reported GBX 0.65 ($0.01) earnings per share (EPS) for the quarter. OPG Power Ventures had a return on equity of 2.40% and a net margin of 2.64%. Sell-side analysts predict that OPG Power Ventures Plc will post 1.1836862 earnings per share for the current fiscal year.

About OPG Power Ventures

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.