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

Green Impact Partners Inc. (CVE:GIP - Get Free Report) was down 1.3% during trading on Thursday . The stock 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.

Wall Street Analysts Forecast Growth

Several research analysts have commented on GIP shares. Canaccord Genuity Group lowered 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 report on Tuesday, May 6th. Royal Bank Of Canada decreased their price target on shares of 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 Stock Performance

The company has a market cap of C$74.91 million, a P/E ratio of -6.70 and a beta of 0.52. The business's 50 day simple moving average is C$3.79 and its 200 day simple moving average is C$4.29. The company has a current ratio of 0.64, a quick ratio of 0.68 and a debt-to-equity ratio of 33.29.

Green Impact Partners Company Profile

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.