Alaska Power & Telephone (OTCMKTS:APTL) Stock Price Down 9.1% – What’s Next?

Alaska Power & Telephone Co. (OTCMKTS:APTL)’s stock price fell 9.1% during trading on Thursday . The stock traded as low as $80.00 and last traded at $80.00. Approximately 612 shares changed hands during mid-day trading, an increase of 1,682% from the average session volume of 34 shares. The stock had previously closed at $88.00.

Alaska Power & Telephone Price Performance

The company has a market capitalization of $74.40 million, a price-to-earnings ratio of 13.68 and a beta of 0.29. The stock has a fifty day simple moving average of $83.87 and a 200-day simple moving average of $72.53.

Alaska Power & Telephone (OTCMKTS:APTL) last announced its quarterly earnings results on Friday, May 15th. The company reported $2.02 earnings per share (EPS) for the quarter.

Alaska Power & Telephone Company Profile

Alaska Power & Telephone Company (OTCMKTS:APTL) is a diversified utilities provider based in Anchorage, Alaska. Established in 1957, the company focuses on delivering dependable communications and electric power services to rural and remote communities across the state. Through its dual operating segments—telecommunications and electric utilities—AP&T aims to bridge the gap between urban centers and more isolated areas of Alaska.

In its telecommunications division, AP&T offers a wide array of products and services, including local and long-distance voice service, broadband internet access, cable television and digital video, as well as business data and networking solutions.