Innergex Renewable Energy (OTCMKTS:INGXF) Reaches New 1-Year Low – Time to Sell?

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) shares reached a new 52-week low on Monday . The company traded as low as $4.81 and last traded at $4.96, with a volume of 98084 shares. The stock had previously closed at $5.14.

Innergex Renewable Energy Stock Down 3.5 %

The business has a fifty day moving average of $5.71 and a 200 day moving average of $6.47. 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 stock has a market cap of $1.01 billion, a price-to-earnings ratio of -10.12 and a beta of 0.65.

Innergex Renewable Energy (OTCMKTS:INGXF) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Innergex Renewable Energy had a negative net margin of 13.73% and a negative return on equity of 1.70%. The firm had revenue of $179.04 million during the quarter, compared to the consensus estimate of $192.68 million. On average, equities analysts predict that Innergex Renewable Energy Inc. will post -0.08 earnings per share for the current year.

Innergex Renewable Energy Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were given a dividend of $0.0649 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a dividend yield of 4.6%. Innergex Renewable Energy’s payout ratio is -51.02%.

About Innergex Renewable Energy

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.