Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of C$7.50 and traded as low as C$7.42. Algonquin Power & Utilities shares last traded at C$7.45, with a volume of 1,407,617 shares trading hands.
Wall Street Analyst Weigh In
Separately, Canadian Imperial Bank of Commerce decreased their target price on Algonquin Power & Utilities from C$6.25 to C$6.00 in a research report on Tuesday, September 22nd. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Algonquin Power & Utilities presently has a consensus rating of "Buy" and an average price target of C$7.33.
View Our Latest Stock Report on Algonquin Power & Utilities
Algonquin Power & Utilities Stock Performance
The firm has a market capitalization of C$5.74 billion, a PE ratio of 41.39, a P/E/G ratio of 1.07 and a beta of 1.24. The company has a debt-to-equity ratio of 143.60, a current ratio of 0.88 and a quick ratio of 0.37. The company's fifty day simple moving average is C$7.50 and its 200 day simple moving average is C$8.28.
Algonquin Power & Utilities (TSE:AQN - Get Free Report) last issued its earnings results on Friday, August 7th. The company reported C$0.06 earnings per share for the quarter. The firm had revenue of C$772.76 million during the quarter. Algonquin Power & Utilities had a net margin of 5.86% and a return on equity of 3.20%. As a group, equities research analysts expect that Algonquin Power & Utilities Corp. will post 0.47 EPS for the current fiscal year.
Algonquin Power & Utilities Company Profile
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Algonquin Power & Utilities Corp., parent company of Liberty Utilities, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN's common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively.
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