In yesterday’s Wall Street session, Algonquin Power & Utilities Corp (NYSE:AQN) shares traded at $5.50, up 2.04% from the previous session.
AQN stock price is now -3.91% away from the 50-day moving average and -8.98% away from the 200-day moving average. The market capitalization of the company currently stands at $4.34B.
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On August 12, 2024, Wells Fargo Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $8.50 to quote $6, while ‘Raymond James’ rates the stock as ‘Mkt Perform’
A total of 3.01% 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 $7.29. 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 $14136524800, which is based on a 36.52 price-to-earnings ratio, a 21.48 price-to-earnings-growth ratio, and a beta of 0.71. The fifty day moving average price for AQN is $5.7138 and a two-hundred day moving average price translates $6.04045 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.
