Hydro One (OTCMKTS:HRNNF) Reaches New 1-Year Low – Time to Sell?

Shares of Hydro One Limited (OTCMKTS:HRNNF – Get Free Report) hit a new 52-week low during trading on Friday. The stock traded as low as $35.46 and last traded at $35.46, with a volume of 223 shares changing hands. The stock had previously closed at $35.74.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HRNNF. Jefferies Financial Group restated an “underperform” rating on shares of Hydro One in a research report on Wednesday, August 19th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Hydro One in a research note on Thursday, August 13th. Barclays reaffirmed an “overweight” rating on shares of Hydro One in a research report on Thursday, August 13th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Hydro One in a report on Thursday, August 13th. One 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. According to data from MarketBeat.com, Hydro One currently has a consensus rating of “Hold”.

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Read Our Latest Analysis on HRNNF

Hydro One Trading Down 0.8%

The firm’s 50-day moving average price is $38.15 and its 200 day moving average price is $40.49. The company has a market cap of $21.28 billion and a price-to-earnings ratio of 20.74. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.49.

Hydro One (OTCMKTS:HRNNF – Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported $0.45 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.58 billion.

Hydro One Company Profile

(Get Free Report)

Hydro One Limited is an electricity transmission and distribution utility serving customers across Ontario, Canada. The company operates and maintains a large transmission network that moves electricity from generating facilities to local distribution systems, as well as distribution infrastructure that delivers power to homes, businesses and other customers.

Through its regulated utility operations, Hydro One provides services including electricity delivery, grid maintenance, system planning, emergency restoration and connection of new customers.

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