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

Shares of Emera Incorporated (OTCMKTS:EMRAF) crossed below its 50 day moving average during trading on Friday . The stock has a 50 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 changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on EMRAF shares. National Bankshares reiterated a “sector perform” rating on shares of Emera in a research report on Monday, August 11th. Scotiabank reiterated an “outperform” rating on shares of Emera in a research report on Monday, August 11th. Finally, TD Securities reissued a “buy” rating on shares of Emera in a research note on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Emera has a consensus rating of “Moderate Buy”.

Emera Stock Up 1.0%

The company’s 50 day simple moving average is $45.41 and its 200 day simple moving average is $44.71.

Emera Company Profile

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.