Algonquin Power & Utilities (TSE:AQN) Hits New 52-Week Low – Should You Sell?

Algonquin Power & Utilities Corp. (TSE:AQN) shares reached a new 52-week low on Monday . The company traded as low as C$6.03 and last traded at C$6.14, with a volume of 1155091 shares changing hands. The stock had previously closed at C$6.18.

Algonquin Power & Utilities Stock Performance

The business’s 50-day simple moving average is C$6.54 and its two-hundred day simple moving average is C$7.25. The company has a quick ratio of 0.37, a current ratio of 0.97 and a debt-to-equity ratio of 108.48. The firm has a market cap of C$4.70 billion, a price-to-earnings ratio of 27.86, a P/E/G ratio of 1.07 and a beta of 0.52.

Algonquin Power & Utilities Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.088 dividend. This represents a $0.35 annualized dividend and a yield of 5.74%. The ex-dividend date of this dividend is Tuesday, December 31st. Algonquin Power & Utilities’s payout ratio is currently 163.64%.

Insider Activity

In related news, Director Dilek Samil sold 17,400 shares of Algonquin Power & Utilities stock in a transaction dated 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 the firm’s stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average price of C$6.45 per share, for a total transaction of C$399,900.00. Company 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.