Polaris Renewable Energy (TSE:PIF) Shares Pass Below 50 Day Moving Average – Here’s What Happened

Polaris Renewable Energy Inc. (TSE:PIF)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$12.22 and traded as low as C$11.72. Polaris Renewable Energy shares last traded at C$11.80, with a volume of 13,535 shares trading hands.

Polaris Renewable Energy Trading Up 3.3%

The firm’s 50-day simple moving average is C$12.18 and its 200 day simple moving average is C$12.57. The company has a debt-to-equity ratio of 57.48, a current ratio of 1.82 and a quick ratio of 1.64. The firm has a market capitalization of C$255.79 million, a price-to-earnings ratio of -22.57, a P/E/G ratio of 3.28 and a beta of 0.58.

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

Polaris Renewable Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 21st were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.9%. Polaris Renewable Energy’s dividend payout ratio is -111.11%.

Polaris Renewable Energy Company Profile

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.