Ørsted A/S (OTCMKTS:DNNGY) Trading Down 5.8% – Here’s Why

Shares of Ørsted A/S (OTCMKTS:DNNGYGet Free Report) were down 5.8% during trading on Tuesday . The company traded as low as $6.4825 and last traded at $6.52. Approximately 218,429 shares traded hands during trading, a decline of 4% from the average daily volume of 228,677 shares. The stock had previously closed at $6.92.

Ørsted A/S Price Performance

The stock has a fifty day moving average of $6.73 and a two-hundred day moving average of $10.56.

About Ørsted A/S

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Ørsted A/S (OTCMKTS:DNNGY) is a Denmark-based renewable energy company that specializes in the development, construction and operation of offshore wind farms. Formerly known as DONG Energy until its rebranding in 2017 to honor Danish scientist Hans Christian Ørsted, the company has grown into a global leader in offshore wind power and green energy solutions.

The company’s core activities include the full lifecycle management of offshore wind projects, encompassing site identification, engineering, turbine installation and long-term operations and maintenance.

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