Algonquin Power & Utilities (TSE:AQN) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Algonquin Power & Utilities Corp. (TSE:AQN) shares 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.

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 company has a market capitalization of C$4.06 billion, a price-to-earnings ratio of -3.75, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52. The stock’s fifty day simple moving average is C$6.89 and its 200-day simple moving average is C$6.82.

Algonquin Power & Utilities (TSE:AQN) last released its earnings results on Friday, March 7th. The company reported C$0.06 earnings per share 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 quarter in the previous year, the business earned $0.16 EPS. Analysts predict that Algonquin Power & Utilities Corp. will post 0.4650555 EPS for the current year.

Insiders Place Their Bets

In related news, Director Randy David Laney purchased 9,795 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of C$7.02 per share, for a total transaction of C$68,803.21. 0.06% of the stock is owned by company insiders.

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.