Innergex Renewable Energy (OTCMKTS:INGXF) Reaches New 12-Month Low – Here’s Why

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

Innergex Renewable Energy Price Performance

The company has a market cap of $1.01 billion, a P/E ratio of -10.10 and a beta of 0.65. The company has a debt-to-equity ratio of 4.50, a quick ratio of 0.56 and a current ratio of 0.56. The firm’s fifty day moving average is $5.64 and its two-hundred day moving average is $6.43.

Innergex Renewable Energy (OTCMKTS:INGXF) last released its earnings results on Wednesday, November 6th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $179.04 million for the quarter, compared to analysts’ expectations of $192.68 million. As a group, analysts anticipate that Innergex Renewable Energy Inc. will post -0.08 earnings per share for the current fiscal year.

Innergex Renewable Energy Cuts Dividend

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