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

Green Impact Partners Inc. (CVE:GIPGet Free Report) was down 37.1% during 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 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 shares of Green Impact Partners and gave the company a “buy” rating in a research report on Thursday, January 30th.

Check Out Our Latest Stock Analysis on Green Impact Partners

Green Impact Partners Stock Down 8.3 %

The company has a market capitalization of C$58.24 million, a price-to-earnings ratio of -5.21 and a beta of 0.52. 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 firm’s 50-day moving average price is C$5.12 and its 200 day moving average price is C$4.16.

Green Impact Partners Company Profile

(Get Free Report)

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.

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