Emera (OTCMKTS:EMRAF) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Shares of Emera Incorporated (OTCMKTS:EMRAFGet Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $45.41 and traded as low as $45.00. Emera shares last traded at $45.41, with a volume of 27,541 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on EMRAF shares. Scotiabank reiterated an “outperform” rating on shares of Emera in a research note on Monday, August 11th. TD Securities reiterated a “buy” rating on shares of Emera in a research note on Monday, August 11th. Finally, National Bankshares reiterated a “sector perform” rating on shares of Emera in a research note on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Emera presently has an average rating of “Moderate Buy”.

View Our Latest Stock Analysis on Emera

Emera Price Performance

The stock’s 50-day moving average is $45.41 and its 200 day moving average is $44.71.

About Emera

(Get Free Report)

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.

Read More

Receive News & Ratings for Emera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emera and related companies with MarketBeat.com's FREE daily email newsletter.