Polaris Renewable Energy (TSE:PIF) Reaches New 52-Week Low – What’s Next?

Polaris Renewable Energy Inc. (TSE:PIF) reached a new 52-week low during trading on Friday . The company traded as low as C$11.17 and last traded at C$11.37, with a volume of 73591 shares trading hands. The stock had previously closed at C$11.62.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PIF shares. National Bankshares lowered their target price on shares of Polaris Renewable Energy from C$23.00 to C$22.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. Raymond James raised Polaris Renewable Energy to a “strong-buy” rating in a research report on Friday, February 21st. Finally, Cormark upped their price objective on shares of Polaris Renewable Energy from C$23.50 to C$25.00 in a report on Thursday, January 30th.

Polaris Renewable Energy Price Performance

The business’s 50 day moving average is C$12.20 and its two-hundred day moving average is C$12.57. The company has a debt-to-equity ratio of 57.48, a quick ratio of 1.64 and a current ratio of 1.82. The firm has a market capitalization of C$168.68 million, a PE ratio of 23.51, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97.

Polaris Renewable Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 28th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.29%. The ex-dividend date of this dividend was Friday, February 14th. Polaris Renewable Energy’s dividend payout ratio (DPR) is presently 169.88%.

Insider Buying and Selling

In related news, Director Marc Murnaghan sold 2,301 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of C$12.52, for a total transaction of C$28,808.52. 2.94% of the stock is currently owned by insiders.

Polaris Renewable Energy Company Profile

Polaris Renewable Energy Inc engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.