Emera (OTCMKTS:EMRAF) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Emera Incorporated (OTCMKTS:EMRAF) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $45.25 and traded as low as $45.00. Emera shares last traded at $45.41, with a volume of 27,541 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on EMRAF shares. TD Securities reaffirmed a “buy” rating on shares of Emera in a research note on Monday, August 11th. National Bankshares reiterated a “sector perform” rating on shares of Emera in a research report on Monday, August 11th. Finally, Scotiabank reiterated an “outperform” rating on shares of Emera in a report on Monday, August 11th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Emera Stock Up 1.0%

The stock’s 50 day moving average is $45.41 and its 200 day moving average is $45.25.

About Emera

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.