TransAlta Co. (NYSE:TAC – Get Free Report) (TSE:TA) shares rose 4.6% during trading on Wednesday . The company traded as high as $7.28 and last traded at $7.28. Approximately 391,475 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 736,667 shares. The stock had previously closed at $6.96.
TransAlta Price Performance
The company has a 50 day moving average of $7.10 and a 200 day moving average of $6.96. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 2.95. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 4.73 and a beta of 0.89.
TransAlta (NYSE:TAC – Get Free Report) (TSE:TA) last announced its quarterly earnings results on Friday, May 3rd. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.40. TransAlta had a return on equity of 45.47% and a net margin of 18.70%. The company had revenue of $702.47 million during the quarter. Equities research analysts predict that TransAlta Co. will post 0.74 EPS for the current fiscal year.
Hedge Funds Weigh In On TransAlta
About TransAlta
TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment holds interest of approximately 922 megawatts (MW) of owned hydroelectric generating capacity located in Alberta, British Columbia, and Ontario.
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