Innergex Renewable Energy (OTCMKTS:INGXF) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Innergex Renewable Energy Inc. (OTCMKTS:INGXF)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $5.56 and traded as low as $4.95. Innergex Renewable Energy shares last traded at $4.95, with a volume of 119,285 shares traded.

Innergex Renewable Energy Stock Performance

The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -10.10 and a beta of 0.65. The stock has a 50-day moving average of $5.56 and a 200-day moving average of $6.38. The company has a debt-to-equity ratio of 4.50, a quick ratio of 0.56 and a current ratio of 0.56.

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 dividend payout ratio (DPR) is presently -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.