Innergex Renewable Energy (OTCMKTS:INGXF) Sets New 52-Week Low – What’s Next?

Shares of Innergex Renewable Energy Inc. (OTCMKTS:INGXF) reached a new 52-week low on Tuesday . The company traded as low as $5.14 and last traded at $5.16, with a volume of 25884 shares changing hands. The stock had previously closed at $5.38.

Innergex Renewable Energy Trading Down 3.9 %

The firm’s 50 day moving average is $5.75 and its 200 day moving average is $6.52. 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 company has a market cap of $1.01 billion, a PE ratio of -10.13 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Innergex Renewable Energy had a negative return on equity of 1.70% and a negative net margin of 13.73%. The firm had revenue of $179.04 million during the quarter, compared to the consensus estimate of $192.68 million. On average, equities analysts anticipate that Innergex Renewable Energy Inc. will post -0.08 earnings per share for the current year.

Innergex Renewable Energy Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were paid a dividend of $0.0649 per share. This represents a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, December 31st. Innergex Renewable Energy’s dividend payout ratio (DPR) is presently -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.