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Algonquin Power & Utilities (TSE:AQN) Shares Pass Above 200-Day Moving Average - Here's Why

Algonquin Power & Utilities logo with Utilities background

Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$6.81 and traded as high as C$6.98. Algonquin Power & Utilities shares last traded at C$6.95, with a volume of 4,880,043 shares.

Algonquin Power & Utilities Stock Down 0.4 %

The company has a market capitalization of C$3.90 billion, a P/E ratio of -3.61, a PEG ratio of 1.07 and a beta of 0.52. The company has a debt-to-equity ratio of 154.35, a current ratio of 0.92 and a quick ratio of 0.37. The company has a 50 day moving average of C$7.00 and a 200-day moving average of C$6.79.

Algonquin Power & Utilities (TSE:AQN - Get Free Report) last issued its quarterly earnings data on Friday, March 7th. The company reported C$0.06 earnings per share for the quarter, missing analysts' consensus estimates 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 in the prior year, the business earned $0.16 earnings per share. As a group, equities analysts anticipate that Algonquin Power & Utilities Corp. will post 0.4650555 EPS for the current year.

Insiders Place Their Bets

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

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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