EDP – Energias de Portugal (OTCMKTS:ELCPF) Shares Up 9% – Time to Buy?

EDP – Energias de Portugal, S.A. (OTCMKTS:ELCPFGet Free Report) was up 9% during mid-day trading on Tuesday . The company traded as high as $4.70 and last traded at $4.70. Approximately 3,677 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 6,690 shares. The stock had previously closed at $4.31.

EDP – Energias de Portugal Trading Up 9.0%

The stock’s 50-day moving average is $4.39 and its 200 day moving average is $4.42.

EDP – Energias de Portugal Company Profile

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EDP – Energias de Portugal (OTCMKTS: ELCPF) is a leading European energy company headquartered in Lisbon, Portugal. The firm is engaged in the generation, distribution and supply of electricity and natural gas, operating both conventional power plants and an extensive portfolio of renewable assets. Through its renewables arm, EDP Renováveis, the company develops, constructs and manages wind, solar and hydroelectric projects across multiple continents.

Founded in 1976 following the consolidation of several state-owned utilities, EDP underwent a phased privatization beginning in 1997 and has since expanded its footprint beyond the Iberian Peninsula.

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