Emera Inc (OTCMKTS:EMRAF)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $39.40 and traded as low as $42.01. Emera shares last traded at $42.01, with a volume of 295 shares.
Separately, BMO Capital Markets downgraded shares of Emera from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 13th.
The company’s 50 day moving average is $42.30 and its 200-day moving average is $39.43.
Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company is also involved in gas transmission and utility energy services businesses; and the provision of energy marketing, trading, and other energy asset management services.
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