Green Impact Partners (CVE:GIP) Stock Price Down 9% on Analyst Downgrade

Green Impact Partners Inc. (CVE:GIP)’s stock price was down 9% 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$2.85 and last traded at C$2.95. Approximately 120,797 shares traded hands during mid-day trading, an increase of 565% from the average daily volume of 18,154 shares. The stock had previously closed at C$3.24.

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

Green Impact Partners Stock Performance

The company has a debt-to-equity ratio of 33.29, a quick ratio of 0.68 and a current ratio of 0.64. The firm has a 50 day moving average of C$5.12 and a 200-day moving average of C$4.16. The stock has a market capitalization of C$58.24 million, a PE ratio of -5.21 and a beta of 0.52.

About Green Impact Partners

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.