Alaska Power & Telephone (OTCMKTS:APTL) Trading Down 9.1% – What’s Next?

Alaska Power & Telephone Co. (OTCMKTS:APTL) shares traded down 9.1% on Thursday . The company traded as low as $80.00 and last traded at $80.00. 612 shares changed hands during mid-day trading, an increase of 1,682% from the average daily volume of 34 shares. The stock had previously closed at $88.00.

Alaska Power & Telephone Stock Down 9.1%

The firm has a market capitalization of $74.40 million, a PE ratio of 13.68 and a beta of 0.29. The business’s 50-day moving average price is $83.76 and its 200-day moving average price is $72.47.

Alaska Power & Telephone (OTCMKTS:APTL) last announced its quarterly earnings data on Friday, May 15th. The company reported $2.02 EPS for the quarter.

About Alaska Power & Telephone

Alaska Power & Telephone Company (OTCMKTS:APTL) is a diversified utilities provider based in Anchorage, Alaska. Established in 1957, the company focuses on delivering dependable communications and electric power services to rural and remote communities across the state. Through its dual operating segments—telecommunications and electric utilities—AP&T aims to bridge the gap between urban centers and more isolated areas of Alaska.

In its telecommunications division, AP&T offers a wide array of products and services, including local and long-distance voice service, broadband internet access, cable television and digital video, as well as business data and networking solutions.