Innergex Renewable Energy (OTCMKTS:INGXF) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $5.56 and traded as low as $4.95. Innergex Renewable Energy shares last traded at $4.95, with a volume of 119,285 shares traded.

Innergex Renewable Energy Stock Up 0.2 %

The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 4.50. The firm’s fifty day moving average price is $5.56 and its 200-day moving average price is $6.38. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -10.10 and a beta of 0.65.

Innergex Renewable Energy Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were paid a $0.0649 dividend. The ex-dividend date was Tuesday, December 31st. This represents a 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.