Altius Renewable Royalties (TSE:ARR) Trading Down 0.2% – What’s Next?

Altius Renewable Royalties Corp. (TSE:ARR)’s stock price was down 0.2% during trading on Friday . The stock traded as low as C$11.88 and last traded at C$11.88. Approximately 16,614 shares traded hands during mid-day trading, an increase of 15% from the average daily volume of 14,506 shares. The stock had previously closed at C$11.90.

Wall Street Analyst Weigh In

ARR has been the subject of several analyst reports. TD Securities downgraded Altius Renewable Royalties from a “buy” rating to a “sell” rating and reduced their price objective for the stock from C$13.00 to C$12.00 in a research report on Friday, September 13th. Raymond James boosted their price target on Altius Renewable Royalties from C$25.00 to C$26.50 and gave the stock an “outperform” rating in a research report on Friday, September 13th.

Altius Renewable Royalties Stock Down 0.2 %

The company has a debt-to-equity ratio of 0.12, a current ratio of 250.01 and a quick ratio of 102.67. The firm has a market capitalization of C$365.79 million, a P/E ratio of -148.50 and a beta of 0.97. The firm’s fifty day moving average price is C$11.63 and its 200-day moving average price is C$9.95.

Altius Renewable Royalties Company Profile

Altius Renewable Royalties Corp., a renewable energy royalty company, engages in the acquisition and management of renewable energy investments and royalties in North America. The company holds interests in a portfolio of 2,068 MW of operational wind, solar, and hydroelectric projects located in Texas, Kansas, California, and Vermont.