Green Impact Partners (CVE:GIP) Shares Down 37.1% on Analyst Downgrade

Green Impact Partners Inc. (CVE:GIP) shares dropped 37.1% during mid-day trading on Friday after Royal Bank of Canada lowered their price target on the stock from C$8.00 to C$6.00. Royal Bank of Canada currently has an outperform rating on the stock. Green Impact Partners traded as low as C$3.00 and last traded at C$3.24. Approximately 267,933 shares were traded during mid-day trading, an increase of 1,473% from the average daily volume of 17,035 shares. The stock had previously closed at C$5.15.

Separately, Desjardins set a C$9.00 price target on shares of Green Impact Partners and gave the stock a “buy” rating in a report on Thursday, January 30th.

Green Impact Partners Stock Performance

The firm has a 50 day moving average of C$5.12 and a two-hundred day moving average of C$4.16. The company has a debt-to-equity ratio of 33.29, a current ratio of 0.64 and a quick ratio of 0.68. The stock has a market cap of C$58.24 million, a PE ratio of -5.21 and a beta of 0.52.

Green Impact Partners Company Profile

Green Impact Partners Inc provides water, waste, and solids treatment and recycling services in North America. The company operates in two segments, Water & Solids Recycling & Energy Product Optimization; and Clean Energy Production. It operates a portfolio of water and solids treatment and recycling facilities.