Polaris Renewable Energy (TSE:PIF) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Shares of Polaris Renewable Energy Inc. (TSE:PIF) passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of C$14.83 and traded as low as C$13.95. Polaris Renewable Energy shares last traded at C$13.99, with a volume of 16,907 shares.

Polaris Renewable Energy Stock Down 2.0%

The stock has a market capitalization of C$284.80 million, a PE ratio of 71.74, a price-to-earnings-growth ratio of 3.28 and a beta of 0.56. The company has a current ratio of 4.75, a quick ratio of 1.64 and a debt-to-equity ratio of 93.21. The company’s 50-day moving average is C$14.76 and its 200 day moving average is C$13.87.

Polaris Renewable Energy (TSE:PIF) last released its earnings results on Thursday, July 30th. The company reported C($0.06) earnings per share for the quarter. The company had revenue of C$28.32 million for the quarter. Polaris Renewable Energy had a return on equity of 1.73% and a net margin of 5.34%. As a group, analysts anticipate that Polaris Renewable Energy Inc. will post 0.6481187 EPS for the current year.

Polaris Renewable Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 21st were paid a $0.15 dividend. The ex-dividend date was Monday, August 10th. This represents a $0.60 dividend on an annualized basis and a yield of 4.4%. Polaris Renewable Energy’s dividend payout ratio (DPR) is 315.79%.

Insiders Place Their Bets

In other news, Director Marc Murnaghan purchased 2,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were acquired at an average price of C$14.05 per share, for a total transaction of C$28,100.00. Following the purchase, the director owned 4,000 shares in the company, valued at C$56,200. This trade represents a 100.00% increase in their ownership of the stock. Insiders own 2.94% of the company’s stock.

Polaris Renewable Energy Company Profile

Polaris Renewable Energy Inc is a Canadian publicly traded company engaged in the acquisition, development, and operation of renewable energy projects in Latin America & the Caribbean. We are a high-performing and financially sound contributor to the energy transition. The Company’s operations include a geothermal plant (82 MW), four run-of river hydroelectric plants (39 MW), three solar (photovoltaic) projects (35 MW) and an onshore wind farm (26 MW).