Hydro One (OTCMKTS:HRNNF) Trading 0.7% Higher – Still a Buy?

Hydro One Limited (OTCMKTS:HRNNFGet Free Report)’s stock price was up 0.7% during mid-day trading on Monday . The company traded as high as $35.08 and last traded at $35.08. Approximately 1,054 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 16,577 shares. The stock had previously closed at $34.85.

Wall Street Analyst Weigh In

Separately, Desjardins began coverage on shares of Hydro One in a research report on Monday, May 5th. They set a “buy” rating on the stock.

Check Out Our Latest Research Report on HRNNF

Hydro One Stock Performance

The stock’s 50-day moving average is $35.92 and its two-hundred day moving average is $34.16.

About Hydro One

(Get Free Report)

Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. The company operates through three segments: Transmission, Distribution, and Other. It owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 125,000 circuit kilometers primary low-voltage distribution lines.

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