Polaris Renewable Energy (TSE:PIF) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Polaris Renewable Energy Inc. (TSE:PIF)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty 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 traded.

Wall Street Analysts Forecast Growth

Separately, National Bankshares boosted 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 note on Tuesday, July 16th.

Polaris Renewable Energy Trading Up 1.6 %

The company has a current ratio of 1.86, a quick ratio of 1.64 and a debt-to-equity ratio of 62.63. The company has a fifty day moving average of C$12.20 and a two-hundred day moving average of C$12.43. The stock has a market capitalization of C$260.34 million, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97.

Polaris Renewable Energy (TSE:PIF) 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 firm 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 return on equity of 2.88% and a net margin of 10.08%. On average, research analysts expect that Polaris Renewable Energy Inc. will post 0.6481187 EPS for the current year.

Polaris Renewable Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders 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. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.82 annualized dividend and a dividend yield of 6.64%. Polaris Renewable Energy’s dividend payout ratio (DPR) 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.