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

Algonquin Power & Utilities Corp. (TSE:AQN)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.81 and traded as high as C$7.38. Algonquin Power & Utilities shares last traded at C$7.37, with a volume of 1,730,818 shares traded.

Algonquin Power & Utilities Price Performance

The company’s 50-day simple moving average is C$6.69 and its 200-day simple moving average is C$6.81. 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 capitalization of C$4.00 billion, a price-to-earnings ratio of -3.70, a P/E/G ratio of 1.07 and a beta of 0.52.

Algonquin Power & Utilities (TSE:AQN) last issued its quarterly earnings data on Friday, March 7th. The company reported C$0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.09 by C($0.03). Algonquin Power & Utilities had a negative return on equity of 19.30% and a negative net margin of 39.22%. During the same quarter last year, the company earned $0.16 EPS. Research analysts forecast that Algonquin Power & Utilities Corp. will post 0.4650555 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Randy David Laney acquired 9,795 shares of the stock in a transaction on Monday, March 10th. The stock was acquired at an average cost of C$7.02 per share, for a total transaction of C$68,803.21. 0.06% of the stock is owned by company insiders.

Algonquin Power & Utilities Company Profile

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.