Polaris Renewable Energy (TSE:PIF) stock is trading above its 50-day moving average of $12.44

Shares of Polaris Renewable Energy Inc. (TSE:PIF – Get Free Report) rose above its fifty-day moving average during Friday’s trading. The stock has a fifty-day moving average of C$12.44 and has traded as high as C$13.17. Polaris Renewable Energy shares last traded at C$13.06 on volume of 30,577 shares.

Wall Street analysts predict growth

Separately, Raymond James lowered their target price on shares of Polaris Renewable Energy from C$21.50 to C$19.00 and set a “strong buy” rating on the stock in a research note on Thursday, April 25th.

Get our latest Polaris renewable energy stock analysis

Polaris Renewable Energy Trading Down 0.8%

The company has a market capitalization of C$275.30 million, a PE ratio of 17.41, a price-to-earnings ratio of 3.28 and a beta of 0.89. The company’s 50 day simple moving average is C$12.44 and its two hundred day simple moving average is C$12.49. The company has a debt-to-equity ratio of 63.65, a current ratio of 1.87 and a quick ratio of 1.64.

Polaris Renewable Energy ( TSE:PIF – Get Free Report ) last released its quarterly earnings data on Thursday, May 2nd. The company reported EPS of C$0.28 for the quarter, which topped the consensus estimate of C$0.18 by C$0.10. Polaris Renewable Energy had a net margin of 14.42% and a return on equity of 4.21%. The company had revenue of C$27.82 million for the quarter, compared to analyst estimates of C$28.01 million. As a group, sell-side analysts predict that Polaris Renewable Energy Inc. will record 0.699115 EPS for the current financial year.

Polaris Renewable Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 24. On Monday, May 13, record shareholders received a dividend of $0.15 per share. The ex-dividend date for this dividend was Friday, May 10. This translates into an annual dividend of $0.60 and a dividend yield of 4.59%. Polaris Renewable Energy’s dividend payout ratio is currently 109.33%.

About Polaris Renewable Energy

(Get the free report)

Polaris Renewable Energy Inc is engaged in the acquisition, exploration, development and operation of renewable energy projects in Latin America. Operates an 82 megawatt (MW) net geothermal facility in Nicaragua; and 3 river hydroelectric power plants in Peru with a total capacity of approximately 33 MW; a 25 MW solar power plant in the Dominican Republic; a 6 MW river hydroelectric plant in Ecuador; and a 10 MW solar plant in Panama.

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