Innergex Renewable Energy (OTCMKTS:INGXF) Stock Price Crosses Above Fifty Day Moving Average - What's Next?

Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Get Free Report)'s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $9.77 and traded as high as $10.05. Innergex Renewable Energy shares last traded at $10.05, with a volume of 117 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. National Bank Financial downgraded shares of Innergex Renewable Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Raymond James downgraded shares of Innergex Renewable Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, February 25th.

Innergex Renewable Energy Price Performance

The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 334.52 and a beta of 0.61. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 4.50. The business's 50 day simple moving average is $9.80 and its 200-day simple moving average is $7.87.

Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.01. The firm had revenue of $188.64 million during the quarter, compared to analysts' expectations of $277.44 million. Innergex Renewable Energy had a net margin of 1.84% and a return on equity of 4.40%. On average, research analysts forecast that Innergex Renewable Energy Inc. will post 0.09 earnings per share for the current year.

Innergex Renewable Energy Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were issued a $0.0624 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a dividend yield of 2.64%. Innergex Renewable Energy's dividend payout ratio (DPR) is currently 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.