Alaska Power & Telephone (OTCMKTS:APTL) Stock Falls 1.7% – Here’s What Happened

Shares of Alaska Power & Telephone Co. (OTCMKTS:APTL) traded down 1.7% during trading on Monday. The stock traded as low as $90.00 and last traded at $90.00. Approximately 302 shares changed hands during trading, an increase of 219% from the average daily volume of 95 shares. The stock had previously closed at $91.60.

Alaska Power & Telephone Stock Performance

The business’s fifty day simple moving average is $85.76 and its 200-day simple moving average is $82.17. The firm has a market capitalization of $83.70 million, a PE ratio of 16.85 and a beta of 0.31.

Alaska Power & Telephone (OTCMKTS:APTL) last released its quarterly earnings results on Friday, August 14th. The company reported $1.07 earnings per share (EPS) for the quarter.

About Alaska Power & Telephone

Alaska Power & Telephone Company is an Alaska-based utility and telecommunications provider serving rural communities in Southeast Alaska. The company operates electric utility systems that generate, transmit and distribute power to residential, commercial and industrial customers.

Through its telecommunications operations, Alaska Power & Telephone provides local and long-distance telephone service, broadband internet and related communications services. Its network and service offerings are designed to connect communities that are often geographically remote and difficult to reach with conventional infrastructure.

The company has a long operating history in Alaska and focuses primarily on communities in the state’s southeastern region, including locations on and near Prince of Wales Island.