Infigen Energy (ASX:IFN) Stock Passes Above Fifty Day Moving Average of $0.50

Infigen Energy Ltd (ASX:IFN) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.50 and traded as high as $0.68. Infigen Energy shares last traded at $0.68, with a volume of 1,426,793 shares traded.

The firm has a market cap of $645.68 million and a price-to-earnings ratio of 15.70. The company has a quick ratio of 1.27, a current ratio of 1.58 and a debt-to-equity ratio of 110.60. The company’s 50-day moving average price is A$0.50 and its 200-day moving average price is A$0.48.

The firm also recently declared a Final dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, June 27th. This represents a dividend yield of 2.15%. Infigen Energy’s dividend payout ratio is presently 23.26%.

About Infigen Energy (ASX:IFN)

Infigen Energy Limited develops, owns, and operates renewable energy generation assets in Australia. It has 557 megawatts of installed generation capacity in New South Wales, South Australia, and Western Australia. The company's development pipeline comprises approximately 1,100 megawatts of wind and solar projects in Australia.

Further Reading: Initial Coin Offering (ICO)

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