Shares of Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $9.64 and traded as high as $9.96. Innergex Renewable Energy shares last traded at $9.96, with a volume of 1,116 shares traded.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on INGXF. Raymond James cut Innergex Renewable Energy from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, February 25th. National Bank Financial lowered Innergex Renewable Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 25th.
Read Our Latest Report on INGXF
Innergex Renewable Energy Trading Down 0.6%
The firm has a market cap of $2.01 billion, a P/E ratio of 330.00 and a beta of 0.62. The stock has a fifty day simple moving average of $9.67 and a 200 day simple moving average of $7.54. The company has a debt-to-equity ratio of 4.50, a quick ratio of 0.56 and a current ratio of 0.56.
Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.01. Innergex Renewable Energy had a net margin of 1.84% and a return on equity of 4.40%. The firm had revenue of $188.64 million for the quarter, compared to the consensus estimate of $277.44 million. On average, research analysts expect that Innergex Renewable Energy Inc. will post 0.09 earnings per share for the current fiscal year.
Innergex Renewable Energy Cuts Dividend
The company also recently disclosed a dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.0624 per share. The ex-dividend date was Monday, March 31st. This represents a yield of 2.64%. Innergex Renewable Energy's dividend payout ratio (DPR) is currently 178.57%.
Innergex Renewable Energy Company Profile
(
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Innergex Renewable Energy Inc operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.
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