Algonquin Power & Utilities (TSE:AQN) Sets New 12-Month Low Following Analyst Downgrade

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) reached a new 52-week low during trading on Wednesday after Canadian Imperial Bank of Commerce lowered their price target on the stock from C$6.25 to C$6.00. The stock traded as low as C$7.13 and last traded at C$7.16, with a volume of 912022 shares traded. The stock had previously closed at C$7.33.

Algonquin Power & Utilities Trading Down 2.3%

The company has a quick ratio of 0.37, a current ratio of 0.88 and a debt-to-equity ratio of 143.60. The stock has a market capitalization of C$5.51 billion, a PE ratio of 39.78, a P/E/G ratio of 1.07 and a beta of 1.39. The business’s fifty day moving average is C$7.96 and its 200-day moving average is C$8.26.

Algonquin Power & Utilities (TSE:AQN) last released its quarterly earnings data on Friday, August 7th. The company reported C$0.06 EPS for the quarter. The company had revenue of C$772.76 million for the quarter. Algonquin Power & Utilities had a return on equity of 3.20% and a net margin of 5.86%. As a group, analysts anticipate that Algonquin Power & Utilities Corp. will post 0.4650555 EPS for the current fiscal year.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp., parent company of Liberty Utilities, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN’s common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively.