Algonquin Power & Utilities Corp. (TSE:AQN) Director Acquires C$68,803.21 in Stock

Algonquin Power & Utilities Corp. (TSE:AQN) Director Randy David Laney acquired 9,795 shares of the company’s stock in a transaction on Monday, March 10th. The shares were bought at an average price of C$7.02 per share, for a total transaction of C$68,803.21.

Algonquin Power & Utilities Stock Down 3.8 %

Algonquin Power & Utilities stock traded down C$0.27 during midday trading on Tuesday, hitting C$6.78. 2,263,185 shares of the stock were exchanged, compared to its average volume of 2,463,720. Algonquin Power & Utilities Corp. has a 52-week low of C$6.03 and a 52-week high of C$9.28. The business’s 50-day moving average price is C$6.59 and its 200-day moving average price is C$6.81. The stock has a market capitalization of C$3.68 billion, a price-to-earnings ratio of -3.40, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52. The company has a quick ratio of 0.37, a current ratio of 0.92 and a debt-to-equity ratio of 154.35.

Algonquin Power & Utilities (TSE:AQN) last posted its quarterly earnings results on Friday, March 7th. The company reported C$0.06 earnings per share for the quarter, missing the consensus estimate of C$0.09 by C($0.03). Algonquin Power & Utilities had a negative net margin of 39.22% and a negative return on equity of 19.30%. During the same quarter in the prior year, the business posted $0.16 EPS. On average, research analysts expect that Algonquin Power & Utilities Corp. will post 0.4650555 EPS for the current fiscal year.

Algonquin Power & Utilities Company Profile

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.