Algonquin Power & Utilities (TSE:AQN) Trading Up 2.7% – Time to Buy?

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) traded up 2.7% during trading on Thursday . The company traded as high as C$7.50 and last traded at C$7.50. 334,870 shares changed hands during trading, a decline of 87% from the average session volume of 2,511,106 shares. The stock had previously closed at C$7.30.

Algonquin Power & Utilities Stock Performance

The firm’s fifty day simple moving average is C$7.07 and its 200 day simple moving average is C$6.80. The company has a debt-to-equity ratio of 154.35, a current ratio of 0.92 and a quick ratio of 0.37. The company has a market capitalization of C$4.05 billion, a price-to-earnings ratio of -3.75, a PEG ratio of 1.07 and a beta of 0.52.

Algonquin Power & Utilities (TSE:AQN) last announced its quarterly earnings data on Friday, March 7th. The company reported C$0.06 EPS for the quarter, missing analysts’ consensus estimates 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 business earned $0.16 EPS. On average, sell-side analysts forecast that Algonquin Power & Utilities Corp. will post 0.4650555 EPS for the current year.

Insider Activity at Algonquin Power & Utilities

In other news, Director Randy David Laney bought 9,795 shares of the business’s stock in a transaction on Monday, March 10th. The stock was purchased at an average price of C$7.02 per share, with a total value of C$68,803.21. Insiders own 0.06% of the company’s stock.

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.