Algonquin Power & Utilities (TSE:AQN) Stock Passes Above 200-Day Moving Average – Time to Sell?

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$6.85 and traded as high as C$6.93. Algonquin Power & Utilities shares last traded at C$6.83, with a volume of 3,075,179 shares.

Algonquin Power & Utilities Price Performance

The company has a current ratio of 0.92, a quick ratio of 0.37 and a debt-to-equity ratio of 154.35. The stock has a market capitalization of C$3.73 billion, a P/E ratio of -3.45, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52. The stock has a 50 day moving average of C$6.58 and a 200-day moving average of C$6.83.

Algonquin Power & Utilities (TSE:AQN) last issued its quarterly earnings results on Friday, March 7th. The company reported C$0.06 earnings per share (EPS) 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 EPS. On average, equities research analysts anticipate that Algonquin Power & Utilities Corp. will post 0.4650555 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Algonquin Power & Utilities news, Director Dilek Samil sold 17,400 shares of Algonquin Power & Utilities stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$6.46, for a total transaction of C$112,421.40. Also, Director David Levenson bought 62,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were purchased 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 corporate insiders.

Algonquin Power & Utilities Company Profile

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.