Algonquin Power & Utilities (TSE:AQN) Reaches New 12-Month High – Should You Buy?

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

Algonquin Power & Utilities Price Performance

The company has a market capitalization of C$4.06 billion, a price-to-earnings ratio of -3.75, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52. The company has a 50-day moving average price of C$6.89 and a 200-day moving average price of C$6.82. The company has a debt-to-equity ratio of 154.35, a quick ratio of 0.37 and a current ratio of 0.92.

Algonquin Power & Utilities (TSE:AQN) last posted its earnings results on Friday, March 7th. The company reported C$0.06 earnings per share 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 quarter last year, the business earned $0.16 earnings per share. On average, equities research analysts expect that Algonquin Power & Utilities Corp. will post 0.4650555 EPS for the current fiscal year.

Insider Activity at Algonquin Power & Utilities

In other news, Director Randy David Laney bought 9,795 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were bought at an average price of C$7.02 per share, with a total value of C$68,803.21. 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.