Innergex Renewable Energy (OTCMKTS:INGXF) Share Price Passes Above 50-Day Moving Average of $5.99

Innergex Renewable Energy Inc. (OTCMKTS:INGXF)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $5.99 and traded as high as $6.29. Innergex Renewable Energy shares last traded at $6.29, with a volume of 875 shares.

Innergex Renewable Energy Stock Down 1.8 %

The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 5.62. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of -16.55 and a beta of 0.56. The business’s 50-day moving average is $5.99 and its 200-day moving average is $6.40.

Innergex Renewable Energy (OTCMKTS:INGXF) last issued its quarterly earnings data on Wednesday, February 21st. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $192.12 million during the quarter. Innergex Renewable Energy had a negative net margin of 10.43% and a negative return on equity of 0.10%.

Innergex Renewable Energy Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.0666 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a yield of 4.52%. Innergex Renewable Energy’s dividend payout ratio is presently -139.47%.

About Innergex Renewable Energy

Innergex Renewable Energy Inc operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.