Polaris Renewable Energy (TSE:PIF) Share Price Breaks Below 50 Day Moving Average - Time to Sell?

Key Points

• Polaris Renewable Energy shares fell below their 50-day moving average, trading as low as C$13.59 versus the C$14.61 average, while last changing hands at C$13.70.
• The company reported quarterly revenue of C$28.32 million and a loss of C$0.06 per share, with a 5.34% net margin and 1.73% return on equity.
• Polaris maintains a quarterly dividend of $0.15 per share, implying a 4.4% yield, but its 315.79% payout ratio raises questions about dividend sustainability; a director separately bought 2,000 shares at C$14.05.

Shares of Polaris Renewable Energy Inc. (TSE:PIF - Get Free Report) crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of C$14.61 and traded as low as C$13.59. Polaris Renewable Energy shares last traded at C$13.70, with a volume of 30,597 shares changing hands.

Polaris Renewable Energy Price Performance

The stock has a market capitalization of C$286.26 million, a P/E ratio of 72.11, a PEG ratio of 3.28 and a beta of 0.56. The stock's fifty day moving average is C$14.61 and its 200-day moving average is C$13.91. The company has a debt-to-equity ratio of 93.21, a current ratio of 4.75 and a quick ratio of 1.64.

Polaris Renewable Energy (TSE:PIF - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported C($0.06) earnings per share for the quarter. Polaris Renewable Energy had a net margin of 5.34% and a return on equity of 1.73%. The company had revenue of C$28.32 million for the quarter. On average, equities analysts anticipate that Polaris Renewable Energy Inc. will post 0.6481187 earnings per share for the current year.

Polaris Renewable Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 21st were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.4%. Polaris Renewable Energy's dividend payout ratio is currently 315.79%.

Insider Buying and Selling at Polaris Renewable Energy

In related news, Director Marc Murnaghan acquired 2,000 shares of the business's stock in a transaction that occurred on Tuesday, September 15th. The shares were acquired at an average cost of C$14.05 per share, with a total value of C$28,100.00. Following the purchase, the director owned 4,000 shares of the company's stock, valued at approximately C$56,200. The trade was a 100.00% increase in their ownership of the stock. Insiders own 2.94% of the company's stock.

About Polaris Renewable Energy

Polaris Renewable Energy Inc is a Canadian publicly traded company engaged in the acquisition, development, and operation of renewable energy projects in Latin America & the Caribbean. We are a high-performing and financially sound contributor to the energy transition. The Company's operations include a geothermal plant (82 MW), four run-of river hydroelectric plants (39 MW), three solar (photovoltaic) projects (35 MW) and an onshore wind farm (26 MW).

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