Innergex Renewable Energy (OTCMKTS:INGXF) Stock Passes Below 50-Day Moving Average of $5.99

Innergex Renewable Energy Inc. (OTCMKTS:INGXF)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $5.99 and traded as low as $5.83. Innergex Renewable Energy shares last traded at $5.88, with a volume of 1,715 shares trading hands.

Innergex Renewable Energy Trading Down 4.8 %

The company’s fifty day moving average is $5.99 and its two-hundred day moving average is $6.59. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -15.46 and a beta of 0.56. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 5.62.

Innergex Renewable Energy (OTCMKTS:INGXF) last issued its earnings results on Wednesday, February 21st. The company reported ($0.03) earnings per share for the quarter. Innergex Renewable Energy had a negative net margin of 10.43% and a negative return on equity of 0.10%. The firm had revenue of $192.12 million during the quarter.

Innergex Renewable Energy Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.0666 per share. The ex-dividend date is Wednesday, March 27th. This represents a yield of 4.52%. Innergex Renewable Energy’s payout ratio is currently -139.47%.

About Innergex Renewable Energy

Innergex Renewable Energy Inc operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.