Polaris Renewable Energy (TSE:PIF) Stock Passes Below 50 Day Moving Average – Should You Sell?

Polaris Renewable Energy Inc. (TSE:PIF) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$13.04 and traded as low as C$11.85. Polaris Renewable Energy shares last traded at C$11.96, with a volume of 49,196 shares changing hands.

Polaris Renewable Energy Trading Up 0.5%

The company has a market capitalization of C$250.97 million, a price-to-earnings ratio of -22.15, a PEG ratio of 3.28 and a beta of 0.48. The firm has a 50-day moving average price of C$13.04 and a 200-day moving average price of C$12.59. The company has a current ratio of 1.82, a quick ratio of 1.64 and a debt-to-equity ratio of 57.48.

Polaris Renewable Energy (TSE:PIF) last announced its quarterly earnings data on Thursday, October 30th. The company reported C($0.02) earnings per share for the quarter. Polaris Renewable Energy had a net margin of 9.49% and a return on equity of 2.68%. The firm had revenue of C$26.51 million during the quarter. As a group, sell-side analysts predict that Polaris Renewable Energy Inc. will post 0.6481187 EPS for the current year.

Polaris Renewable Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 21st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Monday, November 10th. Polaris Renewable Energy’s dividend payout ratio is presently -111.11%.

Polaris Renewable Energy Company Profile

Polaris Infrastructure Inc is engaged in the acquisition, exploration, development and operation of geothermal and hydroelectric energy projects. The company, through its subsidiaries, owns and operates a 72-megawatt capacity geothermal facility (the San Jacinto Project), located in northwest Nicaragua.