EDP – Energias de Portugal (OTCMKTS:ELCPF) Shares Down 2.4% – What’s Next?

EDP – Energias de Portugal, S.A. (OTCMKTS:ELCPFGet Free Report) shares dropped 2.4% during trading on Thursday . The stock traded as low as $4.4550 and last traded at $4.4550. Approximately 1,493 shares were traded during trading, a decline of 77% from the average daily volume of 6,614 shares. The stock had previously closed at $4.5655.

EDP – Energias de Portugal Price Performance

The firm has a 50 day moving average of $4.59 and a 200-day moving average of $4.39.

EDP – Energias de Portugal Company Profile

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EDP – Energias de Portugal (OTCMKTS: ELCPF) is a leading European energy company headquartered in Lisbon, Portugal. The firm is engaged in the generation, distribution and supply of electricity and natural gas, operating both conventional power plants and an extensive portfolio of renewable assets. Through its renewables arm, EDP Renováveis, the company develops, constructs and manages wind, solar and hydroelectric projects across multiple continents.

Founded in 1976 following the consolidation of several state-owned utilities, EDP underwent a phased privatization beginning in 1997 and has since expanded its footprint beyond the Iberian Peninsula.

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