Shares of Green Impact Partners Inc. (CVE:GIP - Get Free Report) were down 9% during trading on Friday after Canaccord Genuity Group downgraded the stock from a speculative buy rating to a hold rating. Canaccord Genuity Group now has a C$3.00 price target on the stock, down from their previous price target of C$6.00. Green Impact Partners traded as low as C$2.85 and last traded at C$2.95. Approximately 120,797 shares traded hands during mid-day trading, an increase of 565% from the average daily volume of 18,154 shares. The stock had previously closed at C$3.24.
Other equities analysts have also recently issued research reports about the company. Royal Bank of Canada cut 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 report on Friday, May 2nd. Desjardins set a C$9.00 target price on shares of Green Impact Partners and gave the stock a "buy" rating in a report on Thursday, January 30th.
Check Out Our Latest Stock Report on Green Impact Partners
Green Impact Partners Trading Up 2.8 %
The stock has a market capitalization of C$56.87 million, a price-to-earnings ratio of -5.08 and a beta of 0.52. The company has a 50 day moving average of C$5.01 and a 200 day moving average of C$4.15. The company has a debt-to-equity ratio of 33.29, a quick ratio of 0.68 and a current ratio of 0.64.
About Green Impact Partners
(
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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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