Polaris Renewable Energy Inc. (TSE:PIF) Director Marc Murnaghan Sells 2,301 Shares

Polaris Renewable Energy Inc. (TSE:PIF) Director Marc Murnaghan sold 2,301 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of C$12.52, for a total transaction of C$28,808.52.

Polaris Renewable Energy Price Performance

Shares of TSE PIF opened at C$12.42 on Friday. The firm has a 50-day simple moving average of C$13.03 and a 200-day simple moving average of C$12.61. The stock has a market capitalization of C$184.58 million, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. The company has a quick ratio of 1.64, a current ratio of 1.82 and a debt-to-equity ratio of 57.48. Polaris Renewable Energy Inc. has a 52 week low of C$11.08 and a 52 week high of C$13.85.

Polaris Renewable Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 28th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date is Friday, February 14th. Polaris Renewable Energy’s dividend payout ratio (DPR) is 169.88%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. National Bankshares reduced their price objective on shares of Polaris Renewable Energy from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research report on Tuesday. Raymond James upped their price objective on shares of Polaris Renewable Energy from C$19.00 to C$21.00 and gave the stock a “strong-buy” rating in a research report on Friday, November 1st. Finally, Cormark upped their price objective on shares of Polaris Renewable Energy from C$23.50 to C$25.00 in a research report on Thursday, January 30th.

About Polaris Renewable Energy

Polaris Renewable Energy Inc engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.