Polaris Renewable Energy (TSE:PIF) Stock Passes Below 50 Day Moving Average of $20.39

Polaris Renewable Energy Inc. (TSE:PIFGet Rating)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$20.39 and traded as low as C$18.76. Polaris Renewable Energy shares last traded at C$18.91, with a volume of 7,522 shares changing hands.

Polaris Renewable Energy Price Performance

The company has a debt-to-equity ratio of 77.09, a current ratio of 2.67 and a quick ratio of 2.55. The company’s 50-day simple moving average is C$20.39 and its 200-day simple moving average is C$18.90. The company has a market cap of C$371.17 million and a price-to-earnings ratio of 118.19.

Polaris Renewable Energy (TSE:PIFGet Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported C($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.14). The firm had revenue of C$19.38 million for the quarter, compared to analyst estimates of C$19.22 million. On average, equities research analysts anticipate that Polaris Renewable Energy Inc. will post 0.98 EPS for the current year.

Polaris Renewable Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 26th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend was Friday, August 12th. Polaris Renewable Energy’s payout ratio is currently 375.00%.

Polaris Renewable Energy Company Profile

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Polaris Renewable Energy Inc engages in the acquisition, development, and operation of renewable energy projects in Latin America. The company operates a 72 MW net geothermal facility in Nicaragua; and three run-of-river hydroelectric facilities in Peru with approximately 5 MW net, 8 MW net, and 20 MW net capacity.

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