Innergex Renewable Energy (OTCMKTS:INGXF) Reaches New 12-Month High at $7.90

Shares of Innergex Renewable Energy Inc. (OTCMKTS:INGXF) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $7.90 and last traded at $7.90, with a volume of 332 shares. The stock had previously closed at $7.67.

Innergex Renewable Energy Stock Performance

The stock has a market cap of $1.61 billion, a PE ratio of -15.98 and a beta of 0.64. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 4.19. The stock has a fifty day moving average of $6.99 and a 200-day moving average of $6.79.

Innergex Renewable Energy (OTCMKTS:INGXF) last released its earnings results on Wednesday, August 7th. The company reported ($0.02) EPS for the quarter. Innergex Renewable Energy had a negative return on equity of 2.08% and a negative net margin of 13.13%. The firm had revenue of $175.05 million during the quarter.

Innergex Renewable Energy Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.0655 per share. This represents a yield of 3.57%. The ex-dividend date is Friday, September 27th. Innergex Renewable Energy’s payout ratio is currently -54.17%.

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.