Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$7.17 and traded as high as C$7.95. Algonquin Power & Utilities shares last traded at C$7.91, with a volume of 1,345,273 shares trading hands.
Analyst Ratings Changes
Several equities analysts have commented on the company. National Bank Financial downgraded Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating and set a C$6.75 target price for the company. in a research report on Tuesday, June 3rd. BMO Capital Markets downgraded Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Finally, TD Securities increased their target price on Algonquin Power & Utilities from C$6.00 to C$6.50 and gave the company a "hold" rating in a research report on Wednesday, June 4th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of C$6.63.
Check Out Our Latest Analysis on Algonquin Power & Utilities
Algonquin Power & Utilities Price Performance
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$4.32 billion, a P/E ratio of -4.00, a P/E/G ratio of 1.07 and a beta of 0.52. The firm has a 50-day simple moving average of C$7.82 and a 200 day simple moving average of C$7.19.
Algonquin Power & Utilities Company Profile
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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.
Further Reading
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