Innergex Renewable Energy (OTCMKTS:INGXF) Reaches New 1-Year High – Here’s Why

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $9.42 and last traded at $9.42, with a volume of 415989 shares changing hands. The stock had previously closed at $6.11.

Innergex Renewable Energy Stock Up 54.1 %

The company has a debt-to-equity ratio of 4.50, a current ratio of 0.56 and a quick ratio of 0.56. The business’s 50 day moving average price is $5.43 and its 200 day moving average price is $6.28. The firm has a market cap of $1.91 billion, a PE ratio of 313.89 and a beta of 0.65.

Innergex Renewable Energy (OTCMKTS:INGXF) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.22. Innergex Renewable Energy had a return on equity of 4.40% and a net margin of 1.84%. The company had revenue of $204.46 million during the quarter, compared to analyst estimates of $266.84 million. On average, equities research analysts expect that Innergex Renewable Energy Inc. will post 0.09 earnings per share for the current year.

Innergex Renewable Energy Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were paid a dividend of $0.0649 per share. The ex-dividend date was Tuesday, December 31st. This represents a yield of 4.6%. Innergex Renewable Energy’s dividend payout ratio (DPR) is presently 800.00%.

Innergex Renewable Energy Company Profile

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.