Innergex Renewable Energy (OTCMKTS:INGXF) Stock Crosses Above 50-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) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 changing hands.

Innergex Renewable Energy Trading Up 0.7%

The company has a debt-to-equity ratio of 4.51, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 72.18 and a beta of 0.60. The company's fifty day moving average price is $9.99 and its 200-day moving average price is $8.69.

Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. Innergex Renewable Energy had a net margin of 5.51% and a return on equity of 5.30%. 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 EPS for the current fiscal year.

Innergex Renewable Energy Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were issued a $0.0644 dividend. This represents a yield of 2.56%. The ex-dividend date was Monday, June 30th. This is an increase from Innergex Renewable Energy's previous dividend of $0.06. Innergex Renewable Energy's dividend payout ratio is 185.71%.

About Innergex Renewable Energy

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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