Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Get Free Report) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty 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
INGXF has been the topic of a number of research reports. Raymond James cut Innergex Renewable Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, February 25th. National Bank Financial cut Innergex Renewable Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 25th.
Get Our Latest Analysis on INGXF
Innergex Renewable Energy Stock Up 1.0%
The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 4.50. The firm has a market capitalization of $2.02 billion, a PE ratio of 331.85 and a beta of 0.62. The firm has a 50-day moving average of $9.65 and a two-hundred day moving average of $7.50.
Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. The business had revenue of $188.64 million for the quarter, compared to analyst estimates of $277.44 million. Innergex Renewable Energy had a return on equity of 4.40% and a net margin of 1.84%. On average, equities research analysts forecast that Innergex Renewable Energy Inc. will post 0.09 EPS for the current year.
Innergex Renewable Energy Cuts Dividend
The business also recently declared a dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were issued a $0.0624 dividend. The ex-dividend date was Monday, March 31st. This represents a yield of 2.64%. Innergex Renewable Energy's dividend payout ratio is currently 178.57%.
About Innergex Renewable Energy
(
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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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