Polaris Renewable Energy (TSE:PIF) Shares Cross Above Fifty Day Moving Average - Here's What Happened

Polaris Renewable Energy Inc. (TSE:PIF - Get Free Report) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$12.26 and traded as high as C$12.29. Polaris Renewable Energy shares last traded at C$12.23, with a volume of 72,308 shares.

Analyst Ratings Changes

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

Polaris Renewable Energy Trading Down 0.1 %

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 capitalization of C$257.81 million, a P/E ratio of 24.46, a P/E/G ratio of 3.28 and a beta of 0.97. The firm's 50 day simple moving average is C$12.25 and its two-hundred day simple moving average is C$12.39.

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

Polaris Renewable Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were paid a $0.205 dividend. This is an increase from Polaris Renewable Energy's previous quarterly dividend of $0.15. This represents a $0.82 annualized dividend and a yield of 6.70%. The ex-dividend date was Monday, August 12th. Polaris Renewable Energy's payout ratio is 164.00%.

Polaris Renewable Energy Company Profile

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.