Algonquin Power & Utilities (TSE:AQN) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Algonquin Power & Utilities Corp. (TSE:AQN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$7.99 and traded as high as C$8.64. Algonquin Power & Utilities shares last traded at C$8.58, with a volume of 203,081 shares.

Wall Street Analyst Weigh In

AQN has been the topic of several recent analyst reports. 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. TD Securities cut their price target on shares of Algonquin Power & Utilities from C$6.50 to C$6.00 and set a “hold” rating on the stock in a research note on Monday, August 11th. Finally, Desjardins upgraded shares of Algonquin Power & Utilities from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$6.38.

Algonquin Power & Utilities Stock Performance

The firm’s fifty day simple moving average is C$8.14 and its 200 day simple moving average is C$7.99. The company has a market capitalization of C$6.59 billion, a PE ratio of -286.00, a price-to-earnings-growth ratio of 1.07 and a beta of 0.82. The company has a debt-to-equity ratio of 154.35, a current ratio of 0.92 and a quick ratio of 0.37.

Algonquin Power & Utilities (TSE:AQN) last issued its quarterly earnings data 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 during the quarter. On average, research analysts predict that Algonquin Power & Utilities Corp. will post 0.4650555 EPS 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.