Algonquin Power & Utilities (TSE:AQN) Stock Price Up 2.7% – Time to Buy?

Algonquin Power & Utilities Corp. (TSE:AQN) shares shot up 2.7% during trading on Thursday . The stock traded as high as C$7.50 and last traded at C$7.50. 334,870 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 2,511,106 shares. The stock had previously closed at C$7.30.

Algonquin Power & Utilities Stock Up 2.3 %

The firm has a market capitalization of C$4.05 billion, a P/E ratio of -3.75, a P/E/G ratio of 1.07 and a beta of 0.52. The stock has a fifty day moving average price of C$7.07 and a two-hundred day moving average price of C$6.80. The company has a debt-to-equity ratio of 154.35, a quick ratio of 0.37 and a current ratio of 0.92.

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

Insider Transactions at Algonquin Power & Utilities

In other news, Director Randy David Laney bought 9,795 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of C$7.02 per share, with a total value of C$68,803.21. Insiders own 0.06% of the company’s stock.

About Algonquin Power & Utilities

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.