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Is a Correction Looming Ahead for Algonquin Power & Utilities Corp. (AQNU)

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Algonquin Power & Utilities Corp. (NYSE:AQNU) went down by -0.41% from its latest closing price compared to the recent 1-year high of $53.01. The company’s stock price has collected -2.05% of loss in the last five trading sessions.

Is It Worth Investing in Algonquin Power & Utilities Corp. (NYSE :AQNU) Right Now?

Algonquin Power & Utilities Corp. (NYSE:AQNU) scored a price-to-earnings ratio above its average ratio, recording 48.27 x from its present earnings ratio.

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AQNU currently public float of 671.50M and currently shorts hold a 0.03% ratio of that float. Today, the average trading volume of AQNU was 159.31K shares.

AQNU’s Market Performance

AQNU stocks went down by -2.05% for the week, with a monthly jump of 1.30% and a quarterly performance of -5.58%. The volatility ratio for the week stands at 1.29% while the volatility levels for the past 30 days are set at 1.19% for Algonquin Power & Utilities Corp.. The simple moving average for the period of the last 20 days is -0.55% for AQNU stocks with a simple moving average of -6.27% for the last 200 days.

AQNU Trading at -1.15% from the 50-Day Moving Average

After a stumble in the market that brought AQNU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.49% of loss for the given period.

Volatility was left at 1.19%, however, over the last 30 days, the volatility rate increased by 1.29%, as shares surge +1.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.89% lower at present.

During the last 5 trading sessions, AQNU fell by -2.05%, in comparison to the 20-day moving average, which settled at $46.14. In addition, Algonquin Power & Utilities Corp. saw -2.92% in overturn over a single year, with a tendency to cut further losses.

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