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

Algonquin Power & Utilities Corp. (TSE:AQN)’s share price passed 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.

Algonquin Power & Utilities Stock Up 0.1 %

The company has a current ratio of 0.92, a quick ratio of 0.37 and a debt-to-equity ratio of 154.35. The firm has a market cap of C$3.84 billion, a price-to-earnings ratio of -3.55, a PEG ratio of 1.07 and a beta of 0.52. The firm’s 50 day simple moving average is C$6.51 and its two-hundred day simple moving average is C$6.91.

Insiders Place Their Bets

In other news, Director Dilek Samil sold 17,400 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of C$6.46, for a total value of C$112,421.40. Also, Director David Levenson bought 62,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average cost of C$6.45 per share, for a total transaction of C$399,900.00. Insiders own 0.06% of the company’s stock.

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.