Hydro One (OTCMKTS:HRNNF) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Hydro One Limited (OTCMKTS:HRNNF) shares passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $40.48 and traded as low as $40.01. Hydro One shares last traded at $40.04, with a volume of 10,768 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have commented on HRNNF shares. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Hydro One in a research report on Wednesday, October 28th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Hydro One in a report on Wednesday, August 19th. Barclays reiterated an “overweight” rating on shares of Hydro One in a research note on Friday, October 16th. BMO Capital Markets reissued a “market perform” rating on shares of Hydro One in a report on Thursday, August 13th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Hydro One in a research report on Thursday, August 13th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Hydro One Stock Down 1.2%

The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $24.03 billion and a price-to-earnings ratio of 23.69. The firm has a fifty day moving average price of $37.67 and a 200 day moving average price of $40.48.

Hydro One (OTCMKTS:HRNNF) last announced its quarterly earnings data on Tuesday, November 10th. The company reported $0.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.49. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.66 billion. Hydro One had a return on equity of 10.87% and a net margin of 14.49%.

Hydro One Company Profile

Hydro One is an electricity transmission and distribution utility serving communities across Ontario, Canada. The company transports electricity over high-voltage transmission lines and delivers it through local distribution networks to homes and businesses. Its activities include operating, maintaining and upgrading electricity infrastructure, as well as planning and building transmission and distribution facilities. Hydro One also provides related services to support the reliability of the province’s electricity system.