Polaris Renewable Energy (TSE:PIF) Shares Cross Below Fifty Day Moving Average – Here’s Why

Polaris Renewable Energy Inc. (TSE:PIF) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$12.55 and traded as low as C$11.63. Polaris Renewable Energy shares last traded at C$11.64, with a volume of 29,840 shares.

Polaris Renewable Energy Stock Up 0.3%

The firm’s 50-day moving average price is C$12.55 and its 200 day moving average price is C$12.58. The firm has a market capitalization of C$244.25 million, a price-to-earnings ratio of -21.56, a price-to-earnings-growth ratio of 3.28 and a beta of 0.58. The company has a debt-to-equity ratio of 57.48, a current ratio of 1.82 and a quick ratio of 1.64.

Polaris Renewable Energy (TSE:PIF) last issued its quarterly earnings data on Thursday, October 30th. The company reported C($0.02) earnings per share (EPS) for the quarter. Polaris Renewable Energy had a return on equity of 2.68% and a net margin of 9.49%.The company had revenue of C$26.51 million for the quarter. Sell-side analysts expect that Polaris Renewable Energy Inc. will post 0.6481187 EPS for the current year.

Polaris Renewable Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 21st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Monday, November 10th. Polaris Renewable Energy’s payout ratio is -111.11%.

About Polaris Renewable Energy

Polaris Infrastructure Inc is engaged in the acquisition, exploration, development and operation of geothermal and hydroelectric energy projects. The company, through its subsidiaries, owns and operates a 72-megawatt capacity geothermal facility (the San Jacinto Project), located in northwest Nicaragua.