Shares of Polaris Renewable Energy (TSE:PIF) are trading above their 50-day moving average of $12.01

Shares of Polaris Renewable Energy Inc. (TSE:PIF – Get Free Report) traded above its fifty-day moving average during Wednesday’s trading. The stock has a fifty-day moving average of C$12.01 and has traded as high as C$13.79. Polaris Renewable Energy shares last traded at C$13.70 on volume of 231,176 shares.

Analysts set new price targets

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

Read our latest Polaris renewable energy stock analysis

Polaris renewable energy turnover increase by 2.3%

The market capitalization of the company’s shares is 288.80 million Canadian dollars, the P/E ratio is 18.27, the P/E/G ratio is 3.28 and the beta coefficient is 0.89. The company’s fifty day simple moving average is C$12.01 and its two hundred day simple moving average is C$12.46. The company has a current ratio of 1.87, a quick ratio of 1.64 and a debt to equity ratio of 63.65.

Polaris Renewable Energy ( TSE:PIF – Get Free Report ) last released its quarterly earnings data on Thursday, May 2nd. The company reported C$0.28 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.10. The company had revenue of C$27.82 million for the quarter, compared to the consensus estimate of C$28.01 million. Polaris Renewable Energy had a return on equity of 4.21% and a net margin of 14.42%. Analysts predict that as a group, Polaris Renewable Energy Inc. will see earnings per share of 0.699115 this year.

Polaris Renewable Energy announces dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 24. On Monday, May 13, record shareholders received a $0.15 dividend. This represents a dividend of $0.60 on an annualized basis and a dividend yield of 4.38%. The dividend payment date was Friday, May 10. Polaris Renewable Energy’s dividend payout ratio (DPR) is currently 109.33%.

Polaris renewable energy company profile

(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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