Alaska Power & Telephone (OTCMKTS:APTL) Trading Up 6% – Still a Buy?

Alaska Power & Telephone Co. (OTCMKTS:APTL)’s stock price traded up 6% during trading on Friday . The stock traded as high as $88.00 and last traded at $88.00. Approximately 125 shares changed hands during trading, a decline of 8% from the average daily volume of 135 shares. The stock had previously closed at $83.00.

Alaska Power & Telephone Price Performance

The stock’s 50 day simple moving average is $78.83 and its two-hundred day simple moving average is $68.61. The firm has a market cap of $81.84 million, a P/E ratio of 15.04 and a beta of 0.31.

Alaska Power & Telephone (OTCMKTS:APTL) last posted its quarterly earnings results on Friday, May 15th. The company reported $2.02 earnings per share 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.