CENERGY Stock Bullish Momentum With A 31% Rise In The Last 21 Sessions

(VIANEWS) – Shares of CENERGY (BEL 20: CENER.BR) jumped by a staggering 31.24% in 21 sessions from €4.61 to €6.05 at 05:10 EST on Thursday, after two sequential sessions in a row of gains. BEL 20 is falling 0.18% to €3,650.23, following the last session’s downward trend.

About CENERGY

Cenergy Holdings SA manufactures and sells aluminum, copper, cables, steel and steel pipes, and other related products in Belgium and internationally. It operates through two segments: Cables and Steel Pipes. The company offers submarine and land, power distribution, high voltage direct current, wind farm, industrial, signalling and railway signalling, network, data transmission, telecommunication, umbilicals, and optical fiber cables, as well as low, medium, high, and extra high voltage power cables; and fiber to the home cables. It also provides turnkey solutions, such as custom adapted application, supervision, technical support, transport and storage, training, spare part, installation, and repair and replacement. In addition, the company offers onshore and offshore pipelines, and casing pipes for transportation of oil, gas, and hydrogen, as well as carbon capture and storage applications; and hollow structural section products which are primarily used in the construction, power and telecom cables, wires, and raw materials. It serves power grids, interconnections, offshore and onshore wind, solar energy, telecommunications and data transmission, oil and gas, and heavy industries. The company was founded in 1949 and is based in Brussels, Belgium. Cenergy Holdings SA is a subsidiary of Viohalco S.A.

Earnings Per Share

As for profitability, CENERGY has a trailing twelve months EPS of €0.32.

PE Ratio

CENERGY has a trailing twelve months price to earnings ratio of 18.91. Meaning, the purchaser of the share is investing €18.91 for every euro of annual earnings.

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, CENERGY’s stock is considered to be oversold (<=20).

Volume

Today’s last reported volume for CENERGY is 2473 which is 54.25% below its average volume of 3950.

More news about CENERGY (CENER.BR).

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