Shares of Emera Inc (OTCMKTS:EMRAF) crossed 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 traded.
Separately, BMO Capital Markets cut shares of Emera from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 13th.
The stock’s 50-day simple moving average is $42.30 and its 200 day simple 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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