Innergex Renewable Energy (OTCMKTS:INGXF) Sets New 12-Month Low – Time to Sell?

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

Innergex Renewable Energy Stock Performance

The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -10.13 and a beta of 0.65. The company has a 50 day simple moving average of $5.75 and a 200-day simple moving average of $6.52. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 4.50.

Innergex Renewable Energy (OTCMKTS:INGXF) last issued its earnings results on Wednesday, November 6th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $179.04 million during the quarter, compared to the consensus estimate of $192.68 million. Innergex Renewable Energy had a negative return on equity of 1.70% and a negative net margin of 13.73%. As a group, equities research analysts expect that Innergex Renewable Energy Inc. will post -0.08 EPS for the current fiscal year.

Innergex Renewable Energy Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were issued a dividend of $0.0649 per share. This represents a yield of 4.6%. The ex-dividend date was Tuesday, December 31st. Innergex Renewable Energy’s dividend payout ratio is currently -51.02%.

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.