UGE International (CVE:UGE) Downgraded by Cormark to “Market Perform”

Cormark cut shares of UGE International (CVE:UGE) from a buy rating to a market perform rating in a research report report published on Wednesday morning, BayStreet.CA reports. The firm currently has C$1.00 target price on the stock, down from their prior target price of C$2.75.

UGE International Price Performance

UGE stock opened at C$0.53 on Wednesday. The stock has a 50-day moving average price of C$0.79 and a two-hundred day moving average price of C$1.01. UGE International has a 12-month low of C$0.50 and a 12-month high of C$2.03. The company has a current ratio of 1.14, a quick ratio of 0.73 and a debt-to-equity ratio of 1,211.57. The company has a market cap of C$17.63 million, a PE ratio of -0.96 and a beta of 0.71.

About UGE International

UGE International Ltd. develops, builds, finances, owns, and operates commercial and community solar facilities in Canada, the United States, and the Philippines. It also provides energy storage services; and engineering and consulting services. The company was founded in 2008 and is headquartered in Toronto, Canada.