Polaris Renewable Energy Inc. (TSE:PIF - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$12.20 and traded as low as C$12.01. Polaris Renewable Energy shares last traded at C$12.35, with a volume of 41,409 shares changing hands.
Analysts Set New Price Targets
Separately, National Bankshares increased their price target on Polaris Renewable Energy from C$19.00 to C$20.00 and gave the stock an "outperform" rating in a report on Tuesday, July 16th.
Get Our Latest Report on PIF
Polaris Renewable Energy Price 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 company's fifty day moving average price is C$12.20 and its two-hundred day moving average price is C$12.43. The company has a market cap of C$259.71 million, a price-to-earnings ratio of 24.64, a PEG ratio of 3.28 and a beta of 0.97.
Polaris Renewable Energy (TSE:PIF - Get Free Report) last announced 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 company had revenue of C$25.59 million during the quarter, compared to analyst estimates of C$25.50 million. On average, equities research analysts forecast that Polaris Renewable Energy Inc. will post 0.6481187 EPS for the current fiscal year.
Polaris Renewable Energy Increases Dividend
The company also recently disclosed 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. The ex-dividend date was Monday, August 12th. This is an increase from Polaris Renewable Energy's previous quarterly dividend of $0.15. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.66%. Polaris Renewable Energy's dividend payout ratio (DPR) is presently 164.00%.
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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