Innergex Renewable Energy (OTCMKTS:INGXF) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $7.05 and traded as high as $7.23. Innergex Renewable Energy shares last traded at $7.15, with a volume of 750 shares.

Innergex Renewable Energy Trading Down 2.4 %

The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 4.19. The company has a market cap of $1.45 billion, a PE ratio of -14.89 and a beta of 0.65. The company has a fifty day simple moving average of $7.05 and a two-hundred day simple moving average of $6.86.

Innergex Renewable Energy (OTCMKTS:INGXF) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $175.05 million during the quarter. Innergex Renewable Energy had a negative net margin of 13.13% and a negative return on equity of 2.08%.

Innergex Renewable Energy Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.0655 dividend. The ex-dividend date is Friday, September 27th. This represents a yield of 3.57%. Innergex Renewable Energy’s dividend payout ratio is presently -54.17%.

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.