Azure Power Global (AZRE) Sets New 52-Week Low at $13.83
Shares of Azure Power Global Ltd (NYSE:AZRE) reached a new 52-week low on Tuesday . The stock traded as low as $13.83 and last traded at $13.83, with a volume of 18611 shares changing hands. The stock had previously closed at $14.37.
Several analysts have weighed in on AZRE shares. BidaskClub raised Azure Power Global from a “sell” rating to a “hold” rating in a research report on Thursday, October 19th. Zacks Investment Research raised Azure Power Global from a “sell” rating to a “hold” rating in a research report on Thursday, August 31st. Finally, Roth Capital set a $22.00 price objective on Azure Power Global and gave the company a “buy” rating in a research report on Sunday, August 20th.
The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 3.77.
About Azure Power Global
Azure Power Global Limited is an India-based power producer. The Company sells solar power in India on long term fixed price contracts to its customers. The Company is also developing micro-grid applications for the highly fragmented and underserved electricity market in India. The Company operates approximately 20 utility scale projects and several commercial rooftop projects with a combined rated capacity of approximately 240 megawatts.
Receive News & Stock Ratings for Azure Power Global Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Azure Power Global Ltd and related stocks with our FREE daily email newsletter.