Emera (OTCMKTS:EMRAF) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Emera Incorporated (OTCMKTS:EMRAF) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $45.41 and traded as high as $45.5260. Emera shares last traded at $45.41, with a volume of 27,541 shares.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EMRAF. TD Securities reiterated a “buy” rating on shares of Emera in a research note on Monday, August 11th. National Bankshares reiterated a “sector perform” rating on shares of Emera in a research note on Monday, August 11th. Finally, Scotiabank reiterated an “outperform” rating on shares of Emera in a research note on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Emera Stock Up 1.0%

The company’s 50 day moving average price is $45.41 and its 200 day moving average price is $45.06.

Emera Company Profile

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.