Innergex Renewable Energy (OTCMKTS:INGXF) Shares Gap Down - What's Next?

Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $10.08, but opened at $9.04. Innergex Renewable Energy shares last traded at $9.04, with a volume of 1,200 shares traded.

Innergex Renewable Energy Stock Performance

The business's 50 day simple moving average is $9.90 and its two-hundred day simple moving average is $8.23. The firm has a market capitalization of $2.05 billion, a PE ratio of 72.24 and a beta of 0.60. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 4.51.

Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.01. The company had revenue of $188.64 million during the quarter, compared to analysts' expectations of $277.44 million. Innergex Renewable Energy had a return on equity of 5.30% and a net margin of 5.51%. Research analysts expect that Innergex Renewable Energy Inc. will post 0.09 earnings per share for the current fiscal year.

Innergex Renewable Energy Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a $0.0644 dividend. This represents a dividend yield of 2.56%. The ex-dividend date is Monday, June 30th. This is a boost from Innergex Renewable Energy's previous dividend of $0.06. Innergex Renewable Energy's dividend payout ratio is 185.71%.

Innergex Renewable Energy Company Profile

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.