Dongfang Electric (DNGFF) to Release Earnings on Tuesday

Dongfang Electric (OTCMKTS:DNGFF) is anticipated to release its results before the market opens on Tuesday, March 31st. Analysts expect Dongfang Electric to post earnings of $0.0601 per share and revenue of $3.6456 billion for the quarter.

Dongfang Electric Stock Down 9.4%

Dongfang Electric stock opened at $4.65 on Tuesday. Dongfang Electric has a 52 week low of $2.00 and a 52 week high of $5.13. The company has a 50 day moving average price of $4.01 and a 200 day moving average price of $3.13.

Dongfang Electric Company Profile

Dongfang Electric Corporation (OTCMKTS: DNGFF) is a leading Chinese state-owned enterprise specializing in the design, manufacture and installation of large-scale power generation equipment. Headquartered in Chengdu, Sichuan Province, the company offers a comprehensive portfolio that spans steam turbines, gas turbines, hydro turbines, boilers, generator sets, wind turbines and nuclear power plant components. In addition to core manufacturing, Dongfang Electric provides engineering, procurement, construction and installation (EPCI) services, as well as operations and maintenance support for power projects.

Founded in 1958 as the Chengdu Electric Machinery Plant and reorganized into its current corporate structure in 1984, Dongfang Electric is supervised by China’s State-owned Assets Supervision and Administration Commission (SASAC).