Polaris Renewable Energy (TSE:PIF) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Shares of Polaris Renewable Energy Inc. (TSE:PIF) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$12.97 and traded as low as C$12.30. Polaris Renewable Energy shares last traded at C$12.41, with a volume of 44,561 shares trading hands.

Analyst Ratings Changes

A number of analysts recently weighed in on PIF shares. Raymond James increased their price target on shares of Polaris Renewable Energy from C$19.00 to C$21.00 and gave the company a “strong-buy” rating in a research report on Friday, November 1st. Cormark increased their target price on shares of Polaris Renewable Energy from C$23.50 to C$25.00 in a report on Thursday, January 30th. Finally, National Bankshares decreased their price target on shares of Polaris Renewable Energy from C$23.00 to C$22.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th.

Polaris Renewable Energy Price Performance

The company has a current ratio of 1.82, a quick ratio of 1.64 and a debt-to-equity ratio of 57.48. The firm has a market cap of C$184.43 million, a P/E ratio of 25.71, a PEG ratio of 3.28 and a beta of 0.97. The company has a fifty day moving average price of C$12.97 and a two-hundred day moving average price of C$12.61.

Polaris Renewable Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 28th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.83%. Polaris Renewable Energy’s payout ratio is 169.88%.

Insider Buying and Selling

In other Polaris Renewable Energy news, Director Marc Murnaghan sold 2,301 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of C$12.52, for a total value of C$28,808.52. Company insiders own 2.94% of the company’s stock.

About Polaris Renewable Energy

Polaris Renewable Energy Inc engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.