Polaris Renewable Energy Inc. (TSE:PIF - Get Free Report)'s stock price was up 0.3% during trading on Monday . The stock traded as high as C$13.10 and last traded at C$12.92. Approximately 15,406 shares traded hands during trading, a decline of 66% from the average daily volume of 44,826 shares. The stock had previously closed at C$12.88.
Wall Street Analyst Weigh In
Separately, Raymond James boosted their target price on Polaris Renewable Energy from C$19.00 to C$21.00 and gave the stock a "strong-buy" rating in a report on Friday, November 1st.
Get Our Latest Stock Analysis on Polaris Renewable Energy
Polaris Renewable Energy Stock Performance
The company has a quick ratio of 1.64, a current ratio of 1.86 and a debt-to-equity ratio of 62.63. The stock has a market cap of C$272.35 million, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. The company's 50-day simple moving average is C$12.62 and its 200-day simple moving average is C$12.64.
Polaris Renewable Energy Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were given a $0.203 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.81 annualized dividend and a yield of 6.28%. Polaris Renewable Energy's dividend payout ratio (DPR) is 164.00%.
Insiders Place Their Bets
In other news, Director Marc Murnaghan acquired 41,500 shares of the stock in a transaction on Wednesday, November 6th. The shares were purchased 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 currently owned by company insiders.
About Polaris Renewable Energy
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Polaris Renewable Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Polaris Renewable Energy wasn't on the list.
While Polaris Renewable Energy currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
