Polaris Renewable Energy Inc. (TSE:PIF - Get Free Report)'s share price reached a new 52-week low during trading on Friday . The stock traded as low as C$11.17 and last traded at C$11.37, with a volume of 73591 shares traded. The stock had previously closed at C$11.62.
Wall Street Analysts Forecast Growth
PIF has been the subject of several analyst reports. Cormark boosted 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. National Bankshares decreased their target price on Polaris Renewable Energy from C$23.00 to C$22.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th. Finally, Raymond James upgraded shares of Polaris Renewable Energy to a "strong-buy" rating in a research report on Friday, February 21st.
Check Out Our Latest Stock Report on Polaris Renewable Energy
Polaris Renewable Energy Stock Performance
The company has a quick ratio of 1.64, a current ratio of 1.82 and a debt-to-equity ratio of 57.48. The stock has a 50-day moving average of C$12.06 and a 200 day moving average of C$12.52. The stock has a market cap of C$173.88 million, a PE ratio of 24.24, a P/E/G ratio of 3.28 and a beta of 0.97.
Polaris Renewable Energy Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 28th were given a $0.15 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a yield of 5.13%. Polaris Renewable Energy's dividend payout ratio is currently 169.88%.
Insider Transactions at Polaris Renewable Energy
In related news, Director Marc Murnaghan sold 2,301 shares of Polaris Renewable Energy stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of C$12.52, for a total value of C$28,808.52. Company insiders own 2.94% of the company's stock.
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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