Innergex Renewable Energy (OTCMKTS:INGXF) Stock Passes Above 50-Day Moving Average – Time to Sell?

Innergex Renewable Energy Inc. (OTCMKTS:INGXF)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $5.94 and traded as high as $9.46. Innergex Renewable Energy shares last traded at $9.41, with a volume of 274,837 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on INGXF. Raymond James cut shares of Innergex Renewable Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, February 25th. National Bank Financial downgraded shares of Innergex Renewable Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 25th.

Innergex Renewable Energy Stock Up 0.0 %

The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 313.67 and a beta of 0.65. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 4.50. The stock has a 50 day moving average price of $6.02 and a 200 day moving average price of $6.42.

Innergex Renewable Energy (OTCMKTS:INGXF) last posted its earnings results 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 net margin of 1.84% and a return on equity of 4.40%. The business had revenue of $204.46 million for the quarter, compared to the consensus estimate of $266.84 million. As a group, analysts forecast that Innergex Renewable Energy Inc. will post 0.09 EPS for the current year.

Innergex Renewable Energy Cuts Dividend

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