Canadian Utilities (OTCMKTS:CDUAF) Stock Passes Above 50-Day Moving Average – Time to Sell?

Shares of Canadian Utilities Limited (OTCMKTS:CDUAF) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $30.92 and traded as high as $33.79. Canadian Utilities shares last traded at $31.92, with a volume of 25,921 shares traded.

Wall Street Analyst Weigh In

Several research firms have commented on CDUAF. BMO Capital Markets restated a “market perform” rating on shares of Canadian Utilities in a research note on Monday, November 10th. CIBC reissued a “neutral” rating on shares of Canadian Utilities in a research report on Tuesday, October 21st. National Bankshares restated a “sector perform” rating on shares of Canadian Utilities in a report on Monday, November 10th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Canadian Utilities in a research note on Monday, November 10th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Canadian Utilities Stock Down 0.9%

The firm has a fifty day moving average price of $30.92 and a 200 day moving average price of $29.13.

About Canadian Utilities

Canadian Utilities Limited is a diversified energy infrastructure and utilities company based in Calgary, Alberta. Established in 1912, it is part of the ATCO Group and provides essential services to residential, commercial and industrial customers. The company’s operations span across regulated and non-regulated businesses, with a focus on reliable energy delivery and infrastructure development.

In its utilities segment, Canadian Utilities owns and operates electricity transmission and distribution networks under the ATCO Electric brand, as well as natural gas distribution systems through ATCO Gas.