Canadian Utilities (TSE:CU) Reaches New 52-Week High – Still a Buy?

Canadian Utilities Limited (TSE:CUGet Free Report)’s stock price hit a new 52-week high on Friday . The company traded as high as C$41.05 and last traded at C$41.04, with a volume of 236984 shares trading hands. The stock had previously closed at C$39.69.

Canadian Utilities Stock Up 3.5%

The stock has a market capitalization of C$11.17 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 2.38 and a beta of 0.47. The firm has a 50 day simple moving average of C$38.81 and a 200-day simple moving average of C$38.29. The company has a debt-to-equity ratio of 158.34, a current ratio of 1.63 and a quick ratio of 1.30.

About Canadian Utilities

(Get Free Report)

Canadian Utilities Ltd, a subsidiary of holding company Atco, offers gas and electricity services. The company’s main divisions include electricity (generation, transmission, and distribution), pipelines & liquid (natural gas and water), and Retail Energy. Headquartered in Calgary, Alberta, the firm mainly operates in Canada and Australia, along with some operations in the United States and Mexico.

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