Algonquin Power & Utilities (TSE:AQN) Hits New 52-Week High – Still a Buy?

Algonquin Power & Utilities Corp. (TSE:AQN)’s stock price hit a new 52-week high on Wednesday . The company traded as high as C$24.81 and last traded at C$7.48, with a volume of 7566198 shares trading hands. The stock had previously closed at C$7.36.

Algonquin Power & Utilities Stock Down 4.0 %

The firm’s 50 day moving average is C$6.94 and its two-hundred day moving average is C$6.82. The firm has a market cap of C$3.74 billion, a P/E ratio of -3.46, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52. The company has a current ratio of 0.92, a quick ratio of 0.37 and a debt-to-equity ratio of 154.35.

Algonquin Power & Utilities (TSE:AQN) last issued its quarterly earnings data on Friday, March 7th. The company reported C$0.06 EPS for the quarter, missing the consensus estimate of C$0.09 by C($0.03). Algonquin Power & Utilities had a negative return on equity of 19.30% and a negative net margin of 39.22%. During the same period last year, the company posted $0.16 EPS. As a group, research analysts anticipate that Algonquin Power & Utilities Corp. will post 0.4650555 EPS for the current fiscal year.

Insider Activity at Algonquin Power & Utilities

In related news, Director Randy David Laney acquired 9,795 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of C$7.02 per share, with a total value of C$68,803.21. 0.06% of the stock is owned by insiders.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.