Innergex Renewable Energy (OTCMKTS:INGXF) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Innergex Renewable Energy Inc. (OTCMKTS:INGXF)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $7.05 and traded as high as $7.23. Innergex Renewable Energy shares last traded at $7.15, with a volume of 750 shares traded.

Innergex Renewable Energy Stock Down 2.4 %

The business’s 50 day simple moving average is $7.05 and its 200 day simple moving average is $6.86. The company has a market capitalization of $1.45 billion, a PE ratio of -14.89 and a beta of 0.65. The company has a debt-to-equity ratio of 4.19, a current ratio of 0.57 and a quick ratio of 0.57.

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

Innergex Renewable Energy Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.0655 dividend. This represents a dividend yield of 3.57%. The ex-dividend date is Friday, September 27th. Innergex Renewable Energy’s dividend payout ratio (DPR) is -54.17%.

Innergex Renewable Energy Company Profile

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.