Green Impact Partners (CVE:GIP) Trading 7.4% Higher – Time to Buy?

Green Impact Partners Inc. (CVE:GIP)’s stock price was up 7.4% during mid-day trading on Monday . The company traded as high as C$3.79 and last traded at C$3.79. Approximately 12,401 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 12,278 shares. The stock had previously closed at C$3.53.

Analyst Ratings Changes

Separately, Canaccord Genuity Group decreased their price target on shares of Green Impact Partners from C$9.50 to C$9.00 and set a “speculative buy” rating on the stock in a research note on Tuesday, August 27th.

Green Impact Partners Stock Performance

The firm’s fifty day moving average price is C$3.48 and its two-hundred day moving average price is C$3.30. The stock has a market capitalization of C$78.72 million, a PE ratio of -4.41 and a beta of 0.52. The company has a current ratio of 1.05, a quick ratio of 0.68 and a debt-to-equity ratio of 30.12.

Green Impact Partners (CVE:GIP) last issued its earnings results on Monday, August 26th. The company reported C($0.21) earnings per share (EPS) for the quarter. The company had revenue of C$41.14 million during the quarter. Green Impact Partners had a negative return on equity of 15.58% and a negative net margin of 11.27%. As a group, equities research analysts forecast that Green Impact Partners Inc. will post -0.06 EPS for the current year.

Green Impact Partners Company Profile

Green Impact Partners Inc provides water, waste, and solids treatment and recycling services in North America. The company operates in two segments, Water & Solids Recycling & Energy Product Optimization; and Clean Energy Production. It operates a portfolio of water and solids treatment and recycling facilities.