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Algonquin Power & Utilities (TSE:AQN) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Algonquin Power & Utilities logo with Utilities background

Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.91 and traded as high as C$7.14. Algonquin Power & Utilities shares last traded at C$7.08, with a volume of 1,782,493 shares trading hands.

Algonquin Power & Utilities Stock Performance

The firm has a market cap of C$3.75 billion, a P/E ratio of -3.47, a P/E/G ratio of 1.07 and a beta of 0.52. The company has a debt-to-equity ratio of 154.35, a quick ratio of 0.37 and a current ratio of 0.92. The company's 50 day moving average is C$6.53 and its 200 day moving average is C$6.89.

Insider Activity at Algonquin Power & Utilities

In other news, Director Dilek Samil sold 17,400 shares of the firm's stock in a transaction on Monday, December 16th. The shares were sold at an average price of C$6.46, for a total transaction of C$112,421.40. Also, Director David Levenson purchased 62,000 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average cost of C$6.45 per share, with a total value of C$399,900.00. 0.06% of the stock is owned by insiders.

About Algonquin Power & Utilities

(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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