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

Key Points

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Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$7.51 and traded as high as C$8.07. Algonquin Power & Utilities shares last traded at C$8.02, with a volume of 1,393,537 shares.

Analysts Set New Price Targets

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

Algonquin Power & Utilities Price Performance

The company has a debt-to-equity ratio of 154.35, a quick ratio of 0.37 and a current ratio of 0.92. The stock has a market capitalization of C$4.36 billion, a P/E ratio of -4.03, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52. The firm has a 50-day moving average price of C$8.00 and a 200 day moving average price of C$7.55.

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.