EDP – Energias de Portugal (OTCMKTS:EDPFY) Stock Crosses Below Two Hundred Day Moving Average of $49.97

EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $49.97 and traded as low as $43.84. EDP – Energias de Portugal shares last traded at $44.08, with a volume of 60,207 shares.

Wall Street Analyst Weigh In

Separately, Morgan Stanley initiated coverage on EDP – Energias de Portugal in a research note on Tuesday, September 5th. They set an “overweight” rating on the stock.

EDP – Energias de Portugal Stock Performance

The company has a market cap of $17.39 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 1.11 and a beta of 0.63. The business has a 50-day simple moving average of $46.27 and a 200-day simple moving average of $49.97.

About EDP – Energias de Portugal

EDP – Energias de Portugal, SA engages in the generation, transmission, distribution, and supply of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Colombia, Brazil, North America, and internationally. It operates through Renewables, Networks, and Client Solutions & Energy Management segments.