Innergex Renewable Energy (OTCMKTS:INGXF) Stock Crosses Above 50-Day Moving Average of $5.99

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $5.99 and traded as high as $6.29. Innergex Renewable Energy shares last traded at $6.29, with a volume of 875 shares trading hands.

Innergex Renewable Energy Stock Down 1.8 %

The company has a market capitalization of $1.28 billion, a P/E ratio of -16.55 and a beta of 0.56. The company has a 50-day moving average of $5.99 and a two-hundred day moving average of $6.40. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 5.62.

Innergex Renewable Energy (OTCMKTS:INGXF) last announced its quarterly earnings data on Wednesday, February 21st. The company reported ($0.03) EPS for the quarter. The firm had revenue of $192.12 million for the quarter. Innergex Renewable Energy had a negative net margin of 10.43% and a negative return on equity of 0.10%.

Innergex Renewable Energy Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.0666 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a dividend yield of 4.52%. Innergex Renewable Energy’s payout ratio is currently -139.47%.

About Innergex Renewable Energy

Innergex Renewable Energy Inc operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.