Polaris Renewable Energy (TSE:PIF) Stock Crosses Above 50 Day Moving Average of $13.61

Polaris Renewable Energy Inc. (TSE:PIF – Get Rating) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$13.61 and traded as high as C$14.78. Polaris Renewable Energy shares last traded at C$14.61, with a volume of 32,816 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PIF shares. Raymond James cut their price objective on Polaris Renewable Energy from C$27.00 to C$26.00 in a report on Friday, February 10th. National Bankshares cut their price target on Polaris Renewable Energy from C$21.00 to C$20.00 and set an “outperform” rating for the company in a report on Tuesday, March 7th.

Polaris Renewable Energy Stock Up 0.4 %

The firm has a 50-day moving average price of C$13.64 and a two-hundred day moving average price of C$14.09. The company has a market capitalization of C$296.73 million, a price-to-earnings ratio of 50.39, a PEG ratio of 3.28 and a beta of 0.92. The company has a debt-to-equity ratio of 67.96, a current ratio of 1.81 and a quick ratio of 1.64.

Polaris Renewable Energy (TSE:PIF – Get Rating) last released its quarterly earnings data on Thursday, February 23rd. The company reported C$0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.02 by C$0.17. Polaris Renewable Energy had a return on equity of 1.76% and a net margin of 7.00%. The company had revenue of C$22.91 million during the quarter, compared to analysts’ expectations of C$23.75 million. As a group, sell-side analysts anticipate that Polaris Renewable Energy Inc. will post 0.7576558 earnings per share for the current fiscal year.

Polaris Renewable Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Monday, May 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend is Friday, May 12th. Polaris Renewable Energy’s dividend payout ratio is 289.29%.

Insider Activity

In other Polaris Renewable Energy news, Director Marc Murnaghan purchased 2,000 shares of the company’s stock in a transaction dated Monday, March 13th. The stock was bought at an average cost of C$13.11 per share, for a total transaction of C$26,220.00. 2.37% of the stock is currently owned by company insiders.

Polaris Renewable Energy Company Profile

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Polaris Renewable Energy Inc engages in the acquisition, development, and operation of renewable energy projects in Latin America. The company operates a 72 MW net geothermal facility in Nicaragua; and three run-of-river hydroelectric facilities in Peru with approximately 5 MW net, 8 MW net, and 20 MW net capacity.