Alaska Power & Telephone (OTCMKTS:APTL) Trading 6% Higher – Here’s Why

Shares of Alaska Power & Telephone Co. (OTCMKTS:APTL) traded up 6% during mid-day trading on Friday . The company traded as high as $88.00 and last traded at $88.00. Approximately 125 shares changed hands during trading, a decline of 8% from the average daily volume of 135 shares. The stock had previously closed at $83.00.

Alaska Power & Telephone Stock Performance

The firm has a fifty day moving average price of $78.83 and a 200 day moving average price of $68.61. The stock has a market cap of $81.84 million, a PE ratio of 15.04 and a beta of 0.31.

Alaska Power & Telephone (OTCMKTS:APTL) last announced its earnings results on Friday, May 15th. The company reported $2.02 earnings per share for the quarter.

About Alaska Power & Telephone

Alaska Power & Telephone Company (OTCMKTS:APTL) is a diversified utilities provider based in Anchorage, Alaska. Established in 1957, the company focuses on delivering dependable communications and electric power services to rural and remote communities across the state. Through its dual operating segments—telecommunications and electric utilities—AP&T aims to bridge the gap between urban centers and more isolated areas of Alaska.

In its telecommunications division, AP&T offers a wide array of products and services, including local and long-distance voice service, broadband internet access, cable television and digital video, as well as business data and networking solutions.