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Algonquin Power & Utilities (TSE:AQN) Hits New 12-Month High - Should You Buy?

Algonquin Power & Utilities logo with Utilities background
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Shares of Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as C$24.81 and last traded at C$7.48, with a volume of 7566198 shares trading hands. The stock had previously closed at C$7.36.

Algonquin Power & Utilities Trading Down 2.9 %

The company has a quick ratio of 0.37, a current ratio of 0.92 and a debt-to-equity ratio of 154.35. The business has a 50 day moving average price of C$6.94 and a 200-day moving average price of C$6.82. The firm has a market cap of C$3.63 billion, a price-to-earnings ratio of -3.36, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52.

Algonquin Power & Utilities (TSE:AQN - Get Free Report) last issued its earnings results on Friday, March 7th. The company reported C$0.06 earnings per share for the quarter, missing the consensus estimate of C$0.09 by C($0.03). Algonquin Power & Utilities had a negative return on equity of 19.30% and a negative net margin of 39.22%. During the same period last year, the business earned $0.16 earnings per share. As a group, research analysts expect that Algonquin Power & Utilities Corp. will post 0.4650555 EPS for the current fiscal year.

Insider Activity

In other Algonquin Power & Utilities news, Director Randy David Laney purchased 9,795 shares of the stock in a transaction dated Monday, March 10th. The shares were bought at an average cost of C$7.02 per share, with a total value of C$68,803.21. Corporate insiders own 0.06% of the company's stock.

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Algonquin Power & Utilities Company Profile

(Get Free Report)

Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.

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