Algonquin Power & Utilities (TSE:AQN) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Algonquin Power & Utilities Corp. (TSE:AQN)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$8.21 and traded as high as C$9.06. Algonquin Power & Utilities shares last traded at C$8.93, with a volume of 1,517,895 shares.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Natl Bk Canada raised shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Janney Montgomery Scott upgraded Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. Finally, Scotiabank upgraded Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 16th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$6.38.

Algonquin Power & Utilities Price Performance

The firm has a 50 day moving average of C$8.55 and a 200-day moving average of C$8.21. The company has a current ratio of 0.92, a quick ratio of 0.37 and a debt-to-equity ratio of 154.35. The company has a market cap of C$6.86 billion, a P/E ratio of -297.67, a P/E/G ratio of 1.07 and a beta of 1.15.

Algonquin Power & Utilities (TSE:AQN) last released its quarterly earnings data on Friday, November 7th. The company reported C$0.09 earnings per share (EPS) for the quarter. Algonquin Power & Utilities had a negative net margin of 39.22% and a negative return on equity of 19.30%. The firm had revenue of C$811.36 million for the quarter. On average, equities research analysts predict that Algonquin Power & Utilities Corp. will post 0.4650555 EPS for the current year.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada.