Polaris Renewable Energy (TSE:PIF) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Polaris Renewable Energy Inc. (TSE:PIF) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$12.81 and traded as low as C$11.63. Polaris Renewable Energy shares last traded at C$11.70, with a volume of 28,971 shares changing hands.

Polaris Renewable Energy Stock Performance

The stock has a market cap of C$245.93 million, a PE ratio of -21.70, a PEG ratio of 3.28 and a beta of 0.58. The company’s 50-day moving average price is C$12.77 and its two-hundred day moving average price is C$12.59. The company has a debt-to-equity ratio of 57.48, a quick ratio of 1.64 and a current ratio of 1.82.

Polaris Renewable Energy (TSE:PIF) last announced 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 net margin of 9.49% and a return on equity of 2.68%. The company had revenue of C$26.51 million for the quarter. On average, equities research analysts forecast that Polaris Renewable Energy Inc. will post 0.6481187 EPS for the current year.

Polaris Renewable Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 21st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Monday, November 10th. Polaris Renewable Energy’s 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.