Green Impact Partners (CVE:GIP) Trading Down 37.1% Following Analyst Downgrade

Green Impact Partners Inc. (CVE:GIP)’s share price was down 37.1% 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 changed hands during 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 objective on Green Impact Partners and gave the stock a “buy” rating in a report on Thursday, January 30th.

Green Impact Partners Price Performance

The company has a current ratio of 0.64, a quick ratio of 0.68 and a debt-to-equity ratio of 33.29. The business’s 50 day moving average price is C$5.12 and its two-hundred day moving average price is C$4.16. The stock has a market cap of C$58.24 million, a P/E 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.