Algonquin Power & Utilities (TSE:AQN) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Algonquin Power & Utilities Corp. (TSE:AQN) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.91 and traded as high as C$7.14. Algonquin Power & Utilities shares last traded at C$7.08, with a volume of 1,782,493 shares trading hands.

Algonquin Power & Utilities Trading Up 0.1 %

The firm’s fifty day moving average price is C$6.51 and its 200-day moving average price is C$6.91. 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 cap of C$3.84 billion, a price-to-earnings ratio of -3.55, a P/E/G ratio of 1.07 and a beta of 0.52.

Insiders Place Their Bets

In related news, Director Dilek Samil sold 17,400 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$6.46, for a total value of C$112,421.40. Also, Director David Levenson purchased 62,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was bought at an average price of C$6.45 per share, for a total transaction of C$399,900.00. 0.06% of the stock is owned by company insiders.

About Algonquin Power & Utilities

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.