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Innergex Renewable Energy (OTCMKTS:INGXF) Stock Passes Above 50-Day Moving Average - Should You Sell?

Innergex Renewable Energy logo with Utilities background

Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $7.05 and traded as high as $7.23. Innergex Renewable Energy shares last traded at $7.15, with a volume of 750 shares traded.

Innergex Renewable Energy Stock Performance

The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -14.77 and a beta of 0.65. The stock has a 50 day simple moving average of $7.06 and a 200 day simple moving average of $6.86. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 4.19.

Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.02) EPS for the quarter. The company had revenue of $175.05 million for the quarter. Innergex Renewable Energy had a negative return on equity of 2.08% and a negative net margin of 13.13%.

Innergex Renewable Energy Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.0655 dividend. The ex-dividend date is Friday, September 27th. This represents a dividend yield of 3.57%. Innergex Renewable Energy's dividend payout ratio (DPR) is presently -54.17%.

Innergex Renewable Energy Company Profile

(Get Free Report)

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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