The price of Algonquin Power & Utilities Corp (NYSE:AQN) shares last traded on Wall Street fell -2.42% to $5.25.
AQN stock price is now -11.14% away from the 50-day moving average and -13.66% away from the 200-day moving average. The market capitalization of the company currently stands at $4.15B.
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With the price target reduced from $8.50 to $6, Wells Fargo Downgraded its rating from Overweight to Equal Weight for Algonquin Power & Utilities Corp (NYSE: AQN). , while ‘Desjardins’ rates the stock as ‘Hold’
A total of 3.15% of the company’s stock is owned by insiders.
During the past 12 months, Algonquin Power & Utilities Corp has had a low of $4.90 and a high of $7.67. As of last week, the company has a debt-to-equity ratio of 1.35, a current ratio of 0.97, and a quick ratio of 0.78. According to the stock market information, the enterprise value for the company is $13944777728, which is based on a 34.86 price-to-earnings ratio, a 20.51 price-to-earnings-growth ratio, and a beta of 0.72. The fifty day moving average price for AQN is $5.8946 and a two-hundred day moving average price translates $6.08025 for the stock.
The latest earnings results from Algonquin Power & Utilities Corp (NYSE: AQN) was released for 2024-06-30. The net profit margin was 4.36% and return on equity was 2.17% for AQN. The company reported revenue of $598.63 million for the quarter, compared to $627.87 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.66 percent. For the current quarter, analysts expect AQN to generate $573M in revenue.
