Innergex Renewable Energy (OTCMKTS:INGXF) Hits New 52-Week Low – What’s Next?

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) reached a new 52-week low during trading on Monday . The stock traded as low as $4.81 and last traded at $4.96, with a volume of 98084 shares changing hands. The stock had previously closed at $5.14.

Innergex Renewable Energy Trading Down 3.5 %

The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 4.50. The firm’s 50-day moving average is $5.71 and its 200-day moving average is $6.47. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -10.12 and a beta of 0.65.

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

Innergex Renewable Energy Cuts Dividend

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

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.