Randy David Laney Purchases 9,795 Shares of Algonquin Power & Utilities Corp. (TSE:AQN) Stock

Algonquin Power & Utilities Corp. (TSE:AQN) Director Randy David Laney purchased 9,795 shares of the firm’s stock in a transaction dated 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 Price Performance

Shares of AQN traded down C$0.27 during mid-day trading on Tuesday, reaching C$6.78. 2,263,185 shares of the stock traded hands, compared to its average volume of 2,463,720. The company has a market cap 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. Algonquin Power & Utilities Corp. has a 1 year low of C$6.03 and a 1 year high of C$9.28. The firm has a fifty day moving average price of C$6.59 and a 200 day moving average price of C$6.81. The company has a current ratio of 0.92, a quick ratio of 0.37 and a debt-to-equity ratio of 154.35.

Algonquin Power & Utilities (TSE:AQN) last issued its quarterly earnings results on Friday, March 7th. The company reported C$0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the company posted $0.16 EPS. As a group, equities research analysts predict that Algonquin Power & Utilities Corp. will post 0.4650555 earnings per share for the current 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.