Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Get Free Report)'s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $9.70 and traded as high as $10.00. Innergex Renewable Energy shares last traded at $10.00, with a volume of 1,076 shares traded.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. National Bank Financial cut Innergex Renewable Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Raymond James downgraded shares of Innergex Renewable Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, February 25th.
Get Our Latest Report on INGXF
Innergex Renewable Energy Stock Up 0.2%
The stock's 50-day moving average price is $9.71 and its two-hundred day moving average price is $7.65. 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 stock has a market capitalization of $2.03 billion, a P/E ratio of 333.23 and a beta of 0.62.
Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.01. Innergex Renewable Energy had a return on equity of 4.40% and a net margin of 1.84%. The firm had revenue of $188.64 million for the quarter, compared to analysts' expectations of $277.44 million. As a group, 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. Investors of record on Tuesday, April 1st were paid a $0.0624 dividend. This represents a yield of 2.64%. The ex-dividend date was Monday, March 31st. 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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