Algonquin Power & Utilities Corp. (TSE:AQN – Get Free Report) crossed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of C$7.50 and traded as low as C$7.42. Algonquin Power & Utilities shares last traded at C$7.45, with a volume of 1,407,617 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Canadian Imperial Bank of Commerce dropped their price objective on Algonquin Power & Utilities from C$6.25 to C$6.00 in a report on Tuesday, September 22nd. Three analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$7.33.
Check Out Our Latest Research Report on Algonquin Power & Utilities
Algonquin Power & Utilities Trading Down 1.8%
The company has a debt-to-equity ratio of 143.60, a quick ratio of 0.37 and a current ratio of 0.88. The firm has a market cap of C$5.74 billion, a PE ratio of 41.39, a PEG ratio of 1.07 and a beta of 1.24. The stock’s 50 day simple moving average is C$7.50 and its 200 day simple moving average is C$8.28.
Algonquin Power & Utilities (TSE:AQN – Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The company reported C$0.06 earnings per share for the quarter. The firm had revenue of C$772.76 million for the quarter. Algonquin Power & Utilities had a net margin of 5.86% and a return on equity of 3.20%. On average, sell-side analysts forecast that Algonquin Power & Utilities Corp. will post 0.47 earnings per share for the current fiscal year.
Algonquin Power & Utilities Company Profile
Algonquin Power & Utilities Corp., parent company of Liberty Utilities, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN’s common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively.
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