Shares of Polaris Renewable Energy Inc. (TSE:PIF – Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-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 changing hands.
Analyst Ratings Changes
Separately, National Bankshares upped their price target on Polaris Renewable Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th.
Get Our Latest Stock Analysis on PIF
Polaris Renewable Energy Price Performance
Polaris Renewable Energy (TSE:PIF – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.10 by C($0.03). The business had revenue of C$25.59 million for the quarter, compared to the consensus estimate of C$25.50 million. Polaris Renewable Energy had a net margin of 10.08% and a return on equity of 2.88%. Research analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 6.70%. This is a boost from Polaris Renewable Energy’s previous quarterly dividend of $0.15. The ex-dividend date was Monday, August 12th. Polaris Renewable Energy’s dividend 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.
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