Shares of Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $7.32 and traded as high as $9.47. Innergex Renewable Energy shares last traded at $9.40, with a volume of 4,209 shares trading hands.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. National Bank Financial lowered shares of Innergex Renewable Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 25th. Raymond James downgraded shares of Innergex Renewable Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, February 25th.
Read Our Latest Stock Analysis on INGXF
Innergex Renewable Energy Stock Down 1.5 %
The company has a debt-to-equity ratio of 4.50, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market capitalization of $1.92 billion, a PE ratio of 315.00 and a beta of 0.56. The company has a fifty day moving average price of $7.65 and a 200-day moving average price of $6.80.
Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.22. The firm had revenue of $204.46 million for the quarter, compared to analysts' expectations of $266.84 million. Innergex Renewable Energy had a net margin of 1.84% and a return on equity of 4.40%. As a group, analysts expect 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 will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.0624 per share. This represents a dividend yield of 2.64%. The ex-dividend date is Monday, March 31st. Innergex Renewable Energy's dividend payout ratio is currently 800.00%.
About Innergex Renewable Energy
(
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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.
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