Polaris Renewable Energy (TSE:PIF) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Polaris Renewable Energy Inc. (TSE:PIF) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$12.10 and traded as high as C$12.55. Polaris Renewable Energy shares last traded at C$12.47, with a volume of 36,122 shares.

Analysts Set New Price Targets

Separately, National Bank Financial lifted their price target on Polaris Renewable Energy from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$21.00.

Polaris Renewable Energy Trading Down 0.2%

The firm has a market capitalization of C$261.67 million, a PE ratio of -23.09, a P/E/G ratio of 3.28 and a beta of 0.60. The firm has a 50 day simple moving average of C$12.10 and a 200 day simple moving average of C$12.63. The company has a current ratio of 1.82, a quick ratio of 1.64 and a debt-to-equity ratio of 57.48.

Polaris Renewable Energy (TSE:PIF) last posted its quarterly earnings results on Thursday, October 30th. The company reported C($0.02) earnings per share for the quarter. The business had revenue of C$26.51 million during the quarter. Polaris Renewable Energy had a return on equity of 2.68% and a net margin of 9.49%. Equities analysts expect that Polaris Renewable Energy Inc. will post 0.6481187 earnings per share for the current fiscal year.

About Polaris Renewable Energy

Polaris Infrastructure Inc is engaged in the acquisition, exploration, development and operation of geothermal and hydroelectric energy projects. The company, through its subsidiaries, owns and operates a 72-megawatt capacity geothermal facility (the San Jacinto Project), located in northwest Nicaragua.