Green Impact Partners (CVE:GIP) Stock Price Up 1.8% - Still a Buy?

Key Points

• Green Impact Partners Inc.'s stock price increased by 1.8%, reaching C$3.92, although it saw a significant decline in trading volume.
• Recent analyst activity has seen Royal Bank of Canada lower its price target from C$8.00 to C$6.00, while Canaccord Genuity downgraded the stock to a "hold" with a target of C$3.00.
• The company operates in the water, waste, and solids treatment and recycling sectors, with a current market capitalization of C$76.87 million.

Green Impact Partners Inc. (CVE:GIP - Get Free Report)'s share price rose 1.8% during mid-day trading on Monday . The company traded as high as C$3.92 and last traded at C$3.92. Approximately 2,638 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 15,817 shares. The stock had previously closed at C$3.85.

Analyst Upgrades and Downgrades

GIP has been the subject of a number of recent analyst reports. Royal Bank Of Canada lowered their target price on shares of Green Impact Partners from C$8.00 to C$6.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Canaccord Genuity Group downgraded shares of Green Impact Partners from a "speculative buy" rating to a "hold" rating and decreased their price objective for the stock from C$6.00 to C$3.00 in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$6.75.

Green Impact Partners Trading Up 1.8%

The company has a quick ratio of 0.68, a current ratio of 0.64 and a debt-to-equity ratio of 33.29. The firm's 50 day simple moving average is C$3.81 and its 200-day simple moving average is C$4.32. The company has a market capitalization of C$76.87 million, a PE ratio of -6.87 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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