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

Algonquin Power & Utilities Corp. (TSE:AQN) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.08 and traded as high as C$8.48. Algonquin Power & Utilities shares last traded at C$8.44, with a volume of 856,291 shares.

Wall Street Analyst Weigh In

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

Algonquin Power & Utilities Stock Performance

The company’s fifty day simple moving average is C$8.33 and its 200 day simple moving average is C$8.08. The stock has a market capitalization of C$6.48 billion, a P/E ratio of -281.33, a P/E/G ratio of 1.07 and a beta of 1.22. 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, November 7th. The company reported C$0.09 earnings per share (EPS) for the quarter. The company had revenue of C$811.36 million for the quarter. Algonquin Power & Utilities had a negative return on equity of 19.30% and a negative net margin of 39.22%. As a group, sell-side analysts forecast that Algonquin Power & Utilities Corp. will post 0.4650555 earnings per share for the current fiscal 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.