Polaris Renewable Energy (TSE:PIF) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Polaris Renewable Energy Inc. (TSE:PIF) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$12.72 and traded as high as C$13.17. Polaris Renewable Energy shares last traded at C$13.17, with a volume of 18,055 shares trading hands.

Analyst Ratings Changes

Separately, Raymond James lifted their target price on Polaris Renewable Energy from C$19.00 to C$21.00 and gave the stock a “strong-buy” rating in a report on Friday, November 1st.

Polaris Renewable Energy Stock Up 1.5 %

The company has a current ratio of 1.86, a quick ratio of 1.64 and a debt-to-equity ratio of 62.63. The stock has a market cap of C$277.62 million, a P/E ratio of 26.34, a PEG ratio of 3.28 and a beta of 0.97. The company’s 50 day moving average price is C$12.72 and its two-hundred day moving average price is C$12.63.

Polaris Renewable Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were given a $0.203 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.81 annualized dividend and a yield of 6.17%. Polaris Renewable Energy’s payout ratio is presently 164.00%.

Insider Transactions at Polaris Renewable Energy

In related news, Director Marc Murnaghan purchased 41,500 shares of Polaris Renewable Energy stock in a transaction on Wednesday, November 6th. The stock was acquired at an average price of C$12.49 per share, for a total transaction of C$518,413.85. Corporate insiders own 2.94% of the company’s stock.

About Polaris Renewable Energy

Polaris Renewable Energy Inc engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.