OPG Power Ventures (LON:OPG) Shares Down 8.8% – Here’s What Happened

Shares of OPG Power Ventures Plc (LON:OPG) dropped 8.8% on Saturday . The company traded as low as GBX 4.69 ($0.06) and last traded at GBX 4.70 ($0.06). Approximately 521,236 shares traded hands during trading, an increase of 169% from the average daily volume of 193,622 shares. The stock had previously closed at GBX 5.15 ($0.06).

OPG Power Ventures Trading Down 8.8 %

The company has a debt-to-equity ratio of 16.80, a quick ratio of 0.32 and a current ratio of 1.54. The stock has a market capitalization of £18.81 million, a PE ratio of 469.50, a PEG ratio of 0.15 and a beta of 0.71. The stock has a 50-day moving average price of GBX 5.19 and a two-hundred day moving average price of GBX 8.13.

OPG Power Ventures (LON:OPG) last posted its quarterly earnings data on Friday, December 20th. The solar energy provider reported GBX 0.65 ($0.01) earnings per share for the quarter. OPG Power Ventures had a return on equity of 2.40% and a net margin of 2.64%. As a group, equities analysts forecast that OPG Power Ventures Plc will post 1.1836862 earnings per share for the current year.

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.