Innergex Renewable Energy (OTCMKTS:INGXF) Hits New 12-Month Low – What’s Next?

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) hit a new 52-week low during trading on Wednesday . The stock traded as low as $5.19 and last traded at $5.20, with a volume of 69695 shares. The stock had previously closed at $5.69.

Innergex Renewable Energy Stock Up 1.1 %

The stock has a fifty day simple moving average of $5.81 and a two-hundred day simple moving average of $6.59. The firm has a market cap of $1.09 billion, a PE ratio of -10.98 and a beta of 0.65. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 4.50.

Innergex Renewable Energy (OTCMKTS:INGXF) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. Innergex Renewable Energy had a negative net margin of 13.73% and a negative return on equity of 1.70%. The company had revenue of $179.04 million during the quarter, compared to analysts’ expectations of $192.68 million. As a group, sell-side analysts expect that Innergex Renewable Energy Inc. will post -0.08 EPS for the current fiscal year.

Innergex Renewable Energy Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were issued a $0.0649 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a dividend yield of 4.6%. Innergex Renewable Energy’s payout ratio is currently -51.02%.

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.