Polaris Renewable Energy Inc. (TSE:PIF - Get Free Report) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$11.68 and traded as high as C$11.74. Polaris Renewable Energy shares last traded at C$11.74, with a volume of 17,078 shares changing hands.
Wall Street Analyst Weigh In
A number of research firms have weighed in on PIF. Raymond James downgraded Polaris Renewable Energy from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, May 1st. Cormark increased their price target on Polaris Renewable Energy from C$23.50 to C$25.00 in a report on Thursday, January 30th. Finally, 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 on the stock in a research note on Tuesday, February 11th.
Check Out Our Latest Report on Polaris Renewable Energy
Polaris Renewable Energy Price Performance
The company has a market cap of C$178.64 million, a price-to-earnings ratio of 24.90, a PEG ratio of 3.28 and a beta of 0.97. The company has a 50-day simple moving average of C$11.67 and a 200-day simple moving average of C$12.35. The company has a debt-to-equity ratio of 57.48, a quick ratio of 1.64 and a current ratio of 1.82.
Polaris Renewable Energy Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 23rd were issued a $0.15 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.99%. Polaris Renewable Energy's dividend payout ratio is presently 169.88%.
About Polaris Renewable Energy
(
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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.
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