Algonquin Power & Utilities (TSE:AQN) Stock Passes Above 200-Day Moving Average – Time to Sell?

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$6.85 and traded as high as C$6.93. Algonquin Power & Utilities shares last traded at C$6.83, with a volume of 3,075,179 shares.

Algonquin Power & Utilities Stock Up 0.6 %

The company has a 50 day moving average price of C$6.58 and a two-hundred day moving average price of C$6.83. 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 stock has a market cap of C$3.73 billion, a PE ratio of -3.45, a PEG ratio of 1.07 and a beta of 0.52.

Algonquin Power & Utilities (TSE:AQN) last posted its quarterly earnings data on Friday, March 7th. The company reported C$0.06 EPS for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.03). Algonquin Power & Utilities had a negative net margin of 39.22% and a negative return on equity of 19.30%. During the same period in the previous year, the firm posted $0.16 EPS. Analysts expect that Algonquin Power & Utilities Corp. will post 0.4650555 EPS for the current year.

Insiders Place Their Bets

In related news, Director David Levenson purchased 62,000 shares of Algonquin Power & Utilities stock in a transaction on Wednesday, December 11th. The stock was acquired at an average price of C$6.45 per share, for a total transaction of C$399,900.00. Also, Director Dilek Samil sold 17,400 shares of the company’s 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. 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.