Green Impact Partners (CVE:GIP) Stock Price Down 1.3% - Here's What Happened

Green Impact Partners Inc. (CVE:GIP - Get Free Report) was down 1.3% on Thursday . The company traded as low as C$3.85 and last traded at C$3.90. Approximately 13,500 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 18,383 shares. The stock had previously closed at C$3.95.

Analysts Set New Price Targets

GIP has been the subject of several analyst reports. Canaccord Genuity Group cut Green Impact Partners from a "speculative buy" rating to a "hold" rating and lowered their target price for the stock from C$6.00 to C$3.00 in a research note on Tuesday, May 6th. Royal Bank Of Canada lowered their target price on Green Impact Partners from C$8.00 to C$6.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd.

Green Impact Partners Price Performance

The stock has a market capitalization of C$74.51 million, a price-to-earnings ratio of -6.66 and a beta of 0.52. The company has a debt-to-equity ratio of 33.29, a quick ratio of 0.68 and a current ratio of 0.64. The company has a 50 day moving average of C$3.79 and a 200 day moving average of C$4.30.

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.