Polaris Renewable Energy (TSE:PIF) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Polaris Renewable Energy Inc. (TSE:PIF)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$14.78 and traded as high as C$15.48. Polaris Renewable Energy shares last traded at C$15.10, with a volume of 31,068 shares.

Polaris Renewable Energy Stock Up 0.8%

The firm has a market capitalization of C$315.62 million, a P/E ratio of 45.76, a PEG ratio of 3.28 and a beta of 0.54. The company has a debt-to-equity ratio of 93.21, a quick ratio of 1.64 and a current ratio of 4.75. The business’s fifty day moving average price is C$14.78 and its two-hundred day moving average price is C$13.24.

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

Polaris Renewable Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 22nd were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Thursday, May 14th. Polaris Renewable Energy’s dividend payout ratio is currently 181.82%.

Insider Buying and Selling at Polaris Renewable Energy

In other Polaris Renewable Energy news, Director Marc Murnaghan bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased at an average cost of C$12.90 per share, for a total transaction of C$64,500.00. Following the purchase, the director directly owned 513,501 shares in the company, valued at C$6,624,162.90. This represents a 0.98% increase in their ownership of the stock. Over the last ninety days, insiders acquired 25,000 shares of company stock valued at $318,100. 2.94% of the stock is owned by company insiders.

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).