Hydro One Limited (OTCMKTS:HRNNF – Get Free Report)’s share price gapped up prior to trading on Friday. The stock had previously closed at $37.23, but opened at $38.72. Hydro One shares last traded at $38.72, with a volume of 102 shares traded.
Wall Street Analyst Weigh In
HRNNF has been the topic of a number of recent analyst reports. Barclays reissued an “overweight” rating on shares of Hydro One in a report on Friday, October 16th. Jefferies Financial Group reiterated an “underperform” rating on shares of Hydro One in a research report on Wednesday, August 19th. BMO Capital Markets restated a “market perform” rating on shares of Hydro One in a report on Thursday, August 13th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Hydro One in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hydro One has a consensus rating of “Hold”.
View Our Latest Analysis on Hydro One
Hydro One Stock Down 0.5%
The company has a market capitalization of $23.24 billion and a P/E ratio of 22.64. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.49. The company has a 50 day simple moving average of $37.39 and a two-hundred day simple moving average of $40.18.
Hydro One (OTCMKTS:HRNNF – Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.40 by $0.05. Hydro One had a net margin of 14.88% and a return on equity of 11.02%. The business had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.58 billion.
Hydro One Company Profile
Hydro One Limited is an electricity transmission and distribution company based in Ontario, Canada. Through its operating subsidiaries, including Hydro One Networks Inc, the company owns and operates a large transmission network and provides electricity distribution services to residential, commercial and industrial customers across the province.
The company’s activities include transporting high-voltage electricity from generating facilities to local utilities and large customers, distributing electricity through local networks, and maintaining and upgrading transmission and distribution infrastructure.
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