UGE International (CVE:UGE) Trading Down 22.1%

UGE International Ltd. (CVE:UGE) shares traded down 22.1% on Tuesday . The company traded as low as C$0.60 and last traded at C$0.60. 137,415 shares changed hands during trading, an increase of 751% from the average session volume of 16,156 shares. The stock had previously closed at C$0.77.

Analysts Set New Price Targets

Separately, Cormark downgraded UGE International from a “buy” rating to a “market perform” rating and dropped their price target for the stock from C$2.75 to C$1.00 in a research note on Wednesday.

UGE International Trading Down 3.6 %

The firm has a market capitalization of C$17.63 million, a P/E ratio of -0.96 and a beta of 0.71. The company has a current ratio of 1.14, a quick ratio of 0.73 and a debt-to-equity ratio of 1,211.57. The stock has a 50 day simple moving average of C$0.79 and a 200-day simple moving average of C$1.01.

UGE International Company Profile

UGE International Ltd. develops, builds, finances, owns, and operates commercial and community solar facilities in Canada, the United States, and the Philippines. It also provides energy storage services; and engineering and consulting services. The company was founded in 2008 and is headquartered in Toronto, Canada.