Emera (OTCMKTS:EMRAF) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Emera Incorporated (OTCMKTS:EMRAF) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $45.15 and traded as low as $45.00. Emera shares last traded at $45.41, with a volume of 27,541 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EMRAF. National Bankshares reissued a “sector perform” rating on shares of Emera in a research report on Monday, August 11th. Scotiabank reissued an “outperform” rating on shares of Emera in a research report on Monday, August 11th. Finally, TD Securities reissued a “buy” rating on shares of Emera in a research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Emera Price Performance

The firm has a 50-day moving average price of $45.41 and a 200 day moving average price of $45.15.

Emera Company Profile

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.