Algonquin Power & Utilities (TSE:AQN) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$8.06 and traded as high as C$8.57. Algonquin Power & Utilities shares last traded at C$8.50, with a volume of 1,573,659 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AQN shares. Desjardins raised Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, September 30th. Janney Montgomery Scott upgraded shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. Finally, Scotiabank upgraded Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 16th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Algonquin Power & Utilities presently has a consensus rating of “Moderate Buy” and a consensus price target of C$6.38.

Algonquin Power & Utilities Stock Performance

The company has a current ratio of 0.92, a quick ratio of 0.37 and a debt-to-equity ratio of 154.35. The stock’s 50 day moving average price is C$8.31 and its two-hundred day moving average price is C$8.07. The firm has a market capitalization of C$6.53 billion, a PE ratio of -283.33, a PEG ratio of 1.07 and a beta of 1.22.

Algonquin Power & Utilities (TSE:AQN) last announced its earnings results on Friday, November 7th. The company reported C$0.09 earnings per share (EPS) for the quarter. Algonquin Power & Utilities had a negative return on equity of 19.30% and a negative net margin of 39.22%.The business had revenue of C$811.36 million for the quarter. On average, equities analysts expect that Algonquin Power & Utilities Corp. will post 0.4650555 earnings per share for the current year.

About Algonquin Power & Utilities

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.