Algonquin Power & Utilities (TSE:AQN) Issues Earnings Results

Algonquin Power & Utilities (TSE:AQN) posted its earnings results on Friday. 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), RTT News reports. Algonquin Power & Utilities had a negative net margin of 39.22% and a negative return on equity of 19.30%.

Algonquin Power & Utilities Price Performance

Shares of AQN traded down C$0.30 during midday trading on Friday, reaching C$6.53. The stock had a trading volume of 5,611,537 shares, compared to its average volume of 2,338,795. The company has a debt-to-equity ratio of 154.35, a current ratio of 0.92 and a quick ratio of 0.37. The firm’s 50 day moving average price is C$6.56 and its 200-day moving average price is C$6.85. Algonquin Power & Utilities has a 52 week low of C$6.03 and a 52 week high of C$9.28. The company has a market capitalization of C$3.54 billion, a P/E ratio of -3.28, a P/E/G ratio of 1.07 and a beta of 0.52.

Insider Buying and Selling

In related news, Director Dilek Samil sold 17,400 shares of Algonquin Power & Utilities stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$6.46, for a total value of C$112,421.40. Also, Director David Levenson bought 62,000 shares of Algonquin Power & Utilities stock in a transaction dated Wednesday, December 11th. The shares were bought at an average cost of C$6.45 per share, with a total value of C$399,900.00. 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.