Green Impact Partners (CVE:GIP) Stock Price Down 0.3% - Should You Sell?

Key Points

• Green Impact Partners Inc. (CVE:GIP) saw its stock price decrease by 0.3% to C$3.59 amidst a significant drop in trading volume, down 68% from its average.
• Analysts have lowered their price targets for GIP, with the Royal Bank of Canada reducing its target from C$8.00 to C$6.00, while Canaccord Genuity cut theirs from C$6.00 to C$3.00.
• The company's financial metrics indicate challenges, with a high debt-to-equity ratio of 33.29 and a negative price-to-earnings ratio of -6.29.

Green Impact Partners Inc. (CVE:GIP - Get Free Report)'s share price was down 0.3% during trading on Friday . The stock traded as low as C$3.50 and last traded at C$3.59. Approximately 5,402 shares changed hands during trading, a decline of 68% from the average daily volume of 17,017 shares. The stock had previously closed at C$3.60.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GIP shares. Royal Bank Of Canada dropped their price objective on Green Impact Partners from C$8.00 to C$6.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Canaccord Genuity Group downgraded Green Impact Partners from a "speculative buy" rating to a "hold" rating and lowered their target price for the company from C$6.00 to C$3.00 in a report on Tuesday, May 6th.

Green Impact Partners Stock Performance

The company has a debt-to-equity ratio of 33.29, a current ratio of 0.64 and a quick ratio of 0.68. The business has a 50-day simple moving average of C$3.91 and a 200 day simple moving average of C$4.30. The firm has a market cap of C$70.40 million, a PE ratio of -6.29 and a beta of 0.52.

About Green Impact Partners

Green Impact Partners Inc provides water, waste, and solids treatment and recycling services in North America. The company operates in two segments, Water & Solids Recycling & Energy Product Optimization; and Clean Energy Production. It operates a portfolio of water and solids treatment and recycling facilities.

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