Polaris Renewable Energy (TSE:PIF) Stock Price Crosses Above 50 Day Moving Average of $12.38

Polaris Renewable Energy Inc. (TSE:PIF) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$12.38 and traded as high as C$13.10. Polaris Renewable Energy shares last traded at C$12.94, with a volume of 37,227 shares changing hands.

Analyst Upgrades and Downgrades

Separately, National Bankshares upped their price objective on shares of Polaris Renewable Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th.

Polaris Renewable Energy Stock Down 2.0 %

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’s 50-day simple moving average is C$12.37 and its 200-day simple moving average is C$12.32. The firm has a market capitalization of C$262.66 million, a P/E ratio of 25.20, a P/E/G ratio of 3.28 and a beta of 0.97.

Polaris Renewable Energy (TSE:PIF) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.03). Polaris Renewable Energy had a return on equity of 2.88% and a net margin of 10.08%. The firm had revenue of C$25.59 million during the quarter, compared to the consensus estimate of C$25.50 million. As a group, research analysts predict that Polaris Renewable Energy Inc. will post 0.6507772 earnings per share for the current fiscal year.

Polaris Renewable Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were given a dividend of $0.205 per share. This is an increase from Polaris Renewable Energy’s previous quarterly dividend of $0.15. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date was Monday, August 12th. Polaris Renewable Energy’s dividend payout ratio is currently 164.00%.

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.