Polaris Renewable Energy (TSE:PIF) Stock Price Passes Below Fifty Day Moving Average of $16.02

Polaris Renewable Energy Inc. (TSE:PIFGet Rating)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$16.02 and traded as low as C$14.68. Polaris Renewable Energy shares last traded at C$15.05, with a volume of 32,735 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Cormark raised their target price on shares of Polaris Renewable Energy from C$30.00 to C$40.00 and gave the company a “buy” rating in a research note on Friday, September 9th. Raymond James decreased their target price on shares of Polaris Renewable Energy from C$28.00 to C$27.00 and set a “strong-buy” rating for the company in a research note on Friday, November 4th. Finally, National Bankshares set a C$21.00 target price on shares of Polaris Renewable Energy and gave the company an “outperform” rating in a research note on Thursday, September 29th.

Polaris Renewable Energy Stock Performance

The company has a debt-to-equity ratio of 70.15, a current ratio of 1.85 and a quick ratio of 1.64. The stock’s 50-day simple moving average is C$16.02 and its 200 day simple moving average is C$18.67. The stock has a market capitalization of C$316.44 million and a P/E ratio of 94.06.

Polaris Renewable Energy (TSE:PIFGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The company reported C($0.09) EPS for the quarter, missing analysts’ consensus estimates of C($0.05) by C($0.04). The business had revenue of C$18.37 million for the quarter, compared to analysts’ expectations of C$19.52 million. Research analysts expect that Polaris Renewable Energy Inc. will post 0.9 EPS for the current fiscal year.

Polaris Renewable Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 25th. Stockholders of record on Friday, November 25th will be given a $0.15 dividend. The ex-dividend date is Thursday, November 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.99%. Polaris Renewable Energy’s payout ratio is presently 375.00%.

About Polaris Renewable Energy

(Get Rating)

Polaris Renewable Energy Inc engages in the acquisition, development, and operation of renewable energy projects in Latin America. The company operates a 72 MW net geothermal facility in Nicaragua; and three run-of-river hydroelectric facilities in Peru with approximately 5 MW net, 8 MW net, and 20 MW net capacity.

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