Shares of Polaris Renewable Energy Inc. (TSE:PIF - Get Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$11.72 and traded as low as C$11.70. Polaris Renewable Energy shares last traded at C$11.70, with a volume of 15,900 shares trading hands.
Analyst Ratings Changes
Several research firms recently weighed in on PIF. National Bankshares reduced their target price 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. Cormark increased their target price on shares of Polaris Renewable Energy from C$23.50 to C$25.00 in a research note on Thursday, January 30th. Finally, Raymond James cut shares of Polaris Renewable Energy from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, May 1st.
Check Out Our Latest Research Report on PIF
Polaris Renewable Energy Trading Up 1.7%
The business's 50-day moving average price is C$11.72 and its two-hundred day moving average price is C$12.39. The company has a market capitalization of C$176.85 million, a P/E ratio of 24.65, a PEG ratio of 3.28 and a beta of 0.97. The company has a debt-to-equity ratio of 57.48, a current ratio of 1.82 and a quick ratio of 1.64.
Polaris Renewable Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 23rd will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.60 annualized dividend and a yield of 5.04%. Polaris Renewable Energy's dividend payout ratio is currently 169.88%.
Polaris Renewable Energy Company Profile
(
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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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