Algonquin Power & Utilities (TSE:AQN) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Algonquin Power & Utilities Corp. (TSE:AQN)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.82 and traded as high as C$7.46. Algonquin Power & Utilities shares last traded at C$7.39, with a volume of 2,395,153 shares trading hands.

Algonquin Power & Utilities Stock 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 50 day moving average price of C$6.87 and a two-hundred day moving average price of C$6.82. The company has a market cap of C$4.01 billion, a price-to-earnings ratio of -3.71, a P/E/G ratio of 1.07 and a beta of 0.52.

Algonquin Power & Utilities (TSE:AQN) last issued its 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 firm posted $0.16 EPS. Analysts predict that Algonquin Power & Utilities Corp. will post 0.4650555 EPS for the current year.

Insider Buying and Selling at Algonquin Power & Utilities

In other Algonquin Power & Utilities news, Director Randy David Laney purchased 9,795 shares of the stock in a transaction on Monday, March 10th. The stock was bought at an average cost of C$7.02 per share, for a total transaction of C$68,803.21. Insiders own 0.06% of the company’s stock.

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.