OPG Power Ventures (LON:OPG) Stock Price Up 10.5% – Still a Buy?

OPG Power Ventures Plc (LON:OPG)’s stock price rose 10.5% during mid-day trading on Wednesday . The company traded as high as GBX 5.38 ($0.07) and last traded at GBX 5.38 ($0.07). Approximately 77,090 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 181,587 shares. The stock had previously closed at GBX 4.87 ($0.06).

OPG Power Ventures Price Performance

The firm’s 50 day moving average price is GBX 5.16 and its two-hundred day moving average price is GBX 8.24. The company has a debt-to-equity ratio of 16.80, a current ratio of 1.54 and a quick ratio of 0.32. The stock has a market cap of £19.24 million, a PE ratio of 480.00, a P/E/G ratio of 0.15 and a beta of 0.71.

OPG Power Ventures (LON:OPG) last announced its quarterly earnings results 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%. On average, research analysts expect 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.