Polaris Renewable Energy (TSE:PIF) Share Price Passes Below Fifty Day Moving Average of $14.26

Polaris Renewable Energy Inc. (TSE:PIFGet Rating) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$14.26 and traded as low as C$13.16. Polaris Renewable Energy shares last traded at C$13.34, with a volume of 33,702 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PIF. Pi Financial reiterated a “buy” rating on shares of Polaris Renewable Energy in a research note on Tuesday, November 29th. National Bankshares dropped their target price on shares of Polaris Renewable Energy from C$21.00 to C$20.00 and set an “outperform” rating for the company in a report on Tuesday, March 7th. Finally, Raymond James dropped their target price on shares of Polaris Renewable Energy from C$27.00 to C$26.00 in a report on Friday, February 10th.

Polaris Renewable Energy Price Performance

The company has a current ratio of 1.65, a quick ratio of 1.64 and a debt-to-equity ratio of 69.33. The company has a market capitalization of C$280.54 million, a PE ratio of 78.47, a price-to-earnings-growth ratio of 3.28 and a beta of 0.92. The stock’s 50-day moving average is C$14.26 and its two-hundred day moving average is C$15.42.

Polaris Renewable Energy (TSE:PIFGet Rating) last posted its quarterly earnings data on Thursday, February 23rd. The company reported C$0.19 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.02 by C$0.17. The company had revenue of C$22.91 million for the quarter, compared to analyst estimates of C$23.75 million. Polaris Renewable Energy had a net margin of 3.99% and a return on equity of 0.92%. On average, equities analysts predict that Polaris Renewable Energy Inc. will post 0.7877759 EPS for the current year.

Polaris Renewable Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 24th. Shareholders of record on Monday, February 13th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 10th. This represents a $0.60 annualized dividend and a yield of 4.50%. Polaris Renewable Energy’s dividend payout ratio (DPR) is 476.47%.

Polaris Renewable Energy Company Profile

(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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