Hydro One (OTCMKTS:HRNNF) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Hydro One Limited (OTCMKTS:HRNNF)’s stock price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $40.42 and traded as high as $41.00. Hydro One shares last traded at $41.00, with a volume of 35,779 shares traded.

Wall Street Analyst Weigh In

HRNNF has been the topic of a number of recent research reports. Barclays restated an “overweight” rating on shares of Hydro One in a research note on Friday, October 16th. BMO Capital Markets reissued a “market perform” rating on shares of Hydro One in a report on Thursday, August 13th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Hydro One in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Hydro One in a research report on Wednesday, October 28th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating on shares of Hydro One in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Hydro One Trading Down 0.2%

The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.49. The company’s fifty day moving average price is $37.49 and its two-hundred day moving average price is $40.44. The firm has a market cap of $24.51 billion and a PE ratio of 23.35.

Hydro One (OTCMKTS:HRNNF) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.58 billion. Hydro One had a net margin of 14.88% and a return on equity of 11.02%.

Hydro One Company Profile

Hydro One Limited is an electricity transmission and distribution company based in Ontario, Canada. Through its operating subsidiaries, including Hydro One Networks Inc, the company owns and operates a large transmission network and provides electricity distribution services to residential, commercial and industrial customers across the province.

The company’s activities include transporting high-voltage electricity from generating facilities to local utilities and large customers, distributing electricity through local networks, and maintaining and upgrading transmission and distribution infrastructure.