OPG Power Ventures (LON:OPG) Shares Pass Above 50 Day Moving Average – Should You Sell?

OPG Power Ventures Plc (LON:OPG)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 5.49 and traded as high as GBX 5.70. OPG Power Ventures shares last traded at GBX 5.50, with a volume of 1,752,128 shares trading hands.

OPG Power Ventures Price Performance

The business has a 50 day simple moving average of GBX 5.49 and a two-hundred day simple moving average of GBX 6.52. The firm has a market capitalization of £22.04 million, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 0.15 and a beta of 0.71. The company has a debt-to-equity ratio of 12.26, a quick ratio of 0.32 and a current ratio of 1.48.

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.