Polaris Renewable Energy (TSE:PIF) Shares Cross Above 50 Day Moving Average of $12.31

Polaris Renewable Energy Inc. (TSE:PIF - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$12.31 and traded as high as C$12.33. Polaris Renewable Energy shares last traded at C$12.25, with a volume of 16,346 shares traded.

Wall Street Analysts Forecast Growth

Separately, National Bankshares lifted their price target on shares of Polaris Renewable Energy from C$19.00 to C$20.00 and gave the company an "outperform" rating in a report on Tuesday, July 16th.

Polaris Renewable Energy Price Performance

The company has a market cap of C$264.34 million, a P/E ratio of 25.38, a PEG ratio of 3.28 and a beta of 0.97. The firm's 50-day moving average is C$12.31 and its two-hundred day moving average is C$12.35. The company has a debt-to-equity ratio of 62.63, a current ratio of 1.86 and a quick ratio of 1.64.

Polaris Renewable Energy (TSE:PIF - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported C$0.07 earnings per share for the quarter, missing analysts' consensus estimates of C$0.10 by C($0.03). Polaris Renewable Energy had a return on equity of 2.88% and a net margin of 10.08%. The business had revenue of C$25.59 million during the quarter, compared to the consensus estimate of C$25.50 million. Analysts anticipate that Polaris Renewable Energy Inc. will post 0.6495816 earnings per share for the current year.

Polaris Renewable Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 6.54%. The ex-dividend date of this dividend was Monday, August 12th. This is a positive change from Polaris Renewable Energy's previous quarterly dividend of $0.15. Polaris Renewable Energy's dividend payout ratio is presently 164.00%.

About Polaris Renewable Energy

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.