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

Polaris Renewable Energy Inc. (TSE:PIFGet 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:PIFGet 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

(Get Rating)

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.

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