Innergex Renewable Energy (OTCMKTS:INGXF) Stock Price Passes Above Fifty Day Moving Average - Should You Sell?

Key Points

• Innergex Renewable Energy's stock recently crossed above its fifty-day moving average, trading at $10.11 with a volume of 1,500 shares.
• The company reported a quarterly earnings per share (EPS) of ($0.05), slightly beating the consensus estimate and indicating a net margin of 5.51% on revenue of $188.64 million.
• Innergex has also increased its dividend to $0.0644 per share, representing a yield of 2.56%, despite a high dividend payout ratio of 185.71%.

Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $9.99 and traded as high as $10.11. Innergex Renewable Energy shares last traded at $10.11, with a volume of 1,500 shares trading hands.

Innergex Renewable Energy Stock Performance

The firm has a market capitalization of $2.05 billion, a P/E ratio of 72.18 and a beta of 0.60. The business's 50 day simple moving average is $10.01 and its two-hundred day simple moving average is $8.80. 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 issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.01. The business had revenue of $188.64 million for the quarter, compared to analysts' expectations of $277.44 million. Innergex Renewable Energy had a net margin of 5.51% and a return on equity of 5.30%. Sell-side analysts anticipate that Innergex Renewable Energy Inc. will post 0.09 EPS for the current fiscal year.

Innergex Renewable Energy Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were given a dividend of $0.0644 per share. This is a positive change from Innergex Renewable Energy's previous dividend of $0.06. The ex-dividend date of this dividend was Monday, June 30th. This represents a dividend yield of 2.56%. Innergex Renewable Energy's dividend payout ratio (DPR) 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.