UGE International (CVE:UGE) Downgraded to “Neutral” at Ventum Cap Mkts

UGE International (CVE:UGE) was downgraded by analysts at Ventum Cap Mkts from a “buy” rating to a “neutral” rating in a report issued on Thursday, Zacks.com reports.

Separately, Cormark lowered UGE International from a “buy” rating to a “market perform” rating and reduced their price objective for the stock from C$2.75 to C$1.00 in a research report on Wednesday.

UGE International Trading Up 5.7 %

Shares of UGE stock opened at C$0.56 on Thursday. The firm has a market capitalization of C$18.63 million, a P/E ratio of -1.02 and a beta of 0.71. UGE International has a twelve month low of C$0.50 and a twelve month high of C$2.03. The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 1,211.57. The stock’s fifty day simple moving average is C$0.78 and its 200 day simple moving average is C$1.00.

About UGE International

UGE International Ltd. develops, builds, finances, owns, and operates commercial and community solar facilities in Canada, the United States, and the Philippines. It also provides energy storage services; and engineering and consulting services. The company was founded in 2008 and is headquartered in Toronto, Canada.