Azure Power Global (NYSE:AZRE – Get Rating) was downgraded by equities researchers at Credit Suisse Group from an “outperform” rating to an “underperform” rating in a report issued on Tuesday, MarketBeat reports.
Separately, StockNews.com upgraded shares of Azure Power Global from a “sell” rating to a “hold” rating in a report on Saturday, July 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.88.
Azure Power Global Trading Up 2.5 %
NYSE:AZRE traded up $0.09 during trading hours on Tuesday, hitting $3.68. The stock had a trading volume of 2,190,359 shares, compared to its average volume of 284,138. The business’s 50 day moving average is $11.25 and its 200-day moving average is $14.04. The company has a market cap of $177.87 million, a price-to-earnings ratio of -3.98 and a beta of 0.91. Azure Power Global has a one year low of $3.26 and a one year high of $25.30. The company has a debt-to-equity ratio of 3.87, a quick ratio of 0.61 and a current ratio of 0.61.
Institutional Trading of Azure Power Global
Azure Power Global Company Profile
Azure Power Global Limited, together with its subsidiaries, engages in the development, construction, ownership, operation, maintenance, and management of renewable energy projects in India. It generates solar energy based on long-term contracts with Indian government energy distribution companies, as well as other non-governmental energy distribution companies and commercial customers.
- Get a free copy of the StockNews.com research report on Azure Power Global (AZRE)
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