Marc Murnaghan Sells 2,301 Shares of Polaris Renewable Energy Inc. (TSE:PIF) Stock

Polaris Renewable Energy Inc. (TSE:PIF) Director Marc Murnaghan sold 2,301 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of C$12.52, for a total value of C$28,808.52.

Polaris Renewable Energy Trading Down 2.0 %

Shares of PIF stock opened at C$12.42 on Friday. The stock has a 50 day simple moving average of C$13.03 and a 200-day simple moving average of C$12.61. Polaris Renewable Energy Inc. has a 1-year low of C$11.08 and a 1-year high of C$13.85. The company has a market cap of C$184.58 million, a price-to-earnings ratio of 25.73, a PEG ratio of 3.28 and a beta of 0.97. The company has a debt-to-equity ratio of 57.48, a current ratio of 1.82 and a quick ratio of 1.64.

Polaris Renewable Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend is Friday, February 14th. Polaris Renewable Energy’s payout ratio is 169.88%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. National Bankshares decreased their target price on shares of Polaris Renewable Energy from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. Raymond James upped their price objective on shares of Polaris Renewable Energy from C$19.00 to C$21.00 and gave the stock a “strong-buy” rating in a research report on Friday, November 1st. Finally, Cormark raised their target price on Polaris Renewable Energy from C$23.50 to C$25.00 in a research report on Thursday, January 30th.

Polaris Renewable Energy Company Profile

Polaris Renewable Energy Inc engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.