Polaris Renewable Energy Inc. (TSE:PIF - Get Free Report)'s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$13.01 and traded as high as C$13.46. Polaris Renewable Energy shares last traded at C$13.14, with a volume of 52,695 shares.
Wall Street Analysts Forecast Growth
Separately, Raymond James upped their price objective on Polaris Renewable Energy from C$19.00 to C$21.00 and gave the company a "strong-buy" rating in a report on Friday, November 1st.
Check Out Our Latest Report on Polaris Renewable Energy
Polaris Renewable Energy Stock Performance
The company has a current ratio of 1.86, a quick ratio of 1.64 and a debt-to-equity ratio of 62.63. The stock has a market capitalization of C$276.99 million, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. The stock's 50 day moving average is C$13.01 and its two-hundred day moving average is C$12.63.
Polaris Renewable Energy Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were paid a dividend of $0.203 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.81 annualized dividend and a dividend yield of 6.18%. Polaris Renewable Energy's dividend payout ratio is currently 164.00%.
Insider Activity at Polaris Renewable Energy
In other news, Director Marc Murnaghan bought 41,500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were acquired at an average cost of C$12.49 per share, for a total transaction of C$518,413.85. 2.94% of the stock is owned by insiders.
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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