UGE International (CVE:UGE) Lowered to “Neutral” at Ventum Cap Mkts

Ventum Cap Mkts downgraded shares of UGE International (CVE:UGE) from a buy rating to a neutral rating in a research note issued to investors on Thursday morning, Zacks.com reports.

Separately, Cormark downgraded UGE International from a buy rating to a market perform rating and cut their price target for the stock from C$2.75 to C$1.00 in a research note on Wednesday.

UGE International Trading Up 5.7 %

CVE UGE opened at C$0.56 on Thursday. The company has a current ratio of 1.14, a quick ratio of 0.73 and a debt-to-equity ratio of 1,211.57. UGE International has a 1-year low of C$0.50 and a 1-year high of C$2.03. The firm’s fifty day simple moving average is C$0.78 and its 200-day simple moving average is C$1.00. The company has a market capitalization of C$18.63 million, a PE ratio of -1.02 and a beta of 0.71.

UGE International Company Profile

UGE International Ltd. develops, builds, finances, owns, and operates commercial and community solar facilities in Canada, the United States, and the Philippines. It also provides energy storage services; and engineering and consulting services. The company was founded in 2008 and is headquartered in Toronto, Canada.