Algonquin Power & Utilities (TSE:AQN) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Algonquin Power & Utilities shares recently crossed above their 200-day moving average, indicating positive momentum with a recent high of C$7.83 and a last traded price of C$7.77.
• Several analysts downgraded the company's stock rating to "hold," with National Bank Financial setting a price objective of C$6.75.
• The company has a significant debt-to-equity ratio of 154.35, alongside a market capitalization of C$5.97 billion, indicating potential financial risk amidst its diverse utility operations.

Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$7.62 and traded as high as C$7.83. Algonquin Power & Utilities shares last traded at C$7.77, with a volume of 1,284,148 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. TD Securities decreased their price objective on Algonquin Power & Utilities from C$6.50 to C$6.00 and set a "hold" rating for the company in a report on Monday, August 11th. BMO Capital Markets downgraded Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. Finally, National Bank Financial downgraded Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating and set a C$6.75 price target for the company. in a report on Tuesday, June 3rd. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of C$6.38.

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 business's 50 day moving average is C$8.01 and its two-hundred day moving average is C$7.64. The firm has a market capitalization of C$6.00 billion, a PE ratio of -4.11, a P/E/G ratio of 1.07 and a beta of 1.00.

Algonquin Power & Utilities Company Profile

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.