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

Polaris Renewable Energy Inc. (TSE:PIF)’s share price crossed 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 changing hands.

Polaris Renewable Energy Stock Up 0.8%

The firm has a market cap of C$315.62 million, a P/E ratio of 45.76, a price-to-earnings-growth ratio of 3.28 and a beta of 0.54. The company’s 50-day simple moving average is C$14.78 and its 200 day simple moving average is C$13.24. The company has a debt-to-equity ratio of 93.21, a current ratio of 4.75 and a quick ratio of 1.64.

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. Polaris Renewable Energy had a net margin of 5.34% and a return on equity of 1.73%. The company had revenue of C$28.32 million for the quarter. Research analysts anticipate that Polaris Renewable Energy Inc. will post 0.6481187 EPS 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. Shareholders of record on Friday, May 22nd were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, May 14th. Polaris Renewable Energy’s dividend payout ratio is 181.82%.

Insiders Place Their Bets

In other Polaris Renewable Energy news, Director Marc Murnaghan bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average cost of C$12.90 per share, for a total transaction of C$64,500.00. Following the completion of the transaction, the director owned 513,501 shares in the company, valued at C$6,624,162.90. This trade represents a 0.98% increase in their ownership of the stock. Insiders acquired a total of 25,000 shares of company stock valued at $318,100 in the last 90 days. Company 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).