Polaris Renewable Energy (TSE:PIF) Shares Cross Above 50-Day Moving Average - Should You Sell?

Polaris Renewable Energy Inc. (TSE:PIF - Get Free Report)'s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$11.69 and traded as high as C$12.27. Polaris Renewable Energy shares last traded at C$12.14, with a volume of 52,268 shares traded.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. National Bankshares dropped their price objective on shares of Polaris Renewable Energy from C$23.00 to C$22.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th. Raymond James lowered Polaris Renewable Energy from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, May 1st.

Polaris Renewable Energy Price Performance

The firm has a market cap of C$175.37 million, a price-to-earnings ratio of 24.45, a P/E/G ratio of 3.28 and a beta of 0.97. The company has a current ratio of 1.82, a quick ratio of 1.64 and a debt-to-equity ratio of 57.48. The stock's fifty day moving average price is C$11.69 and its 200-day moving average price is C$12.34.

Polaris Renewable Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 23rd were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date was Monday, May 12th. Polaris Renewable Energy's dividend payout ratio is presently 169.88%.

About Polaris Renewable Energy

Polaris Renewable Energy Inc engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.