Innergex Renewable Energy (OTCMKTS:INGXF) Issues Earnings Results

Innergex Renewable Energy (OTCMKTS:INGXF) released its quarterly earnings data on Thursday. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.22, Zacks reports. Innergex Renewable Energy had a negative return on equity of 1.70% and a negative net margin of 13.73%.

Innergex Renewable Energy Stock Performance

OTCMKTS INGXF opened at $6.01 on Friday. The stock’s fifty day moving average is $5.43 and its two-hundred day moving average is $6.30. The company has a debt-to-equity ratio of 4.50, a current ratio of 0.56 and a quick ratio of 0.56. Innergex Renewable Energy has a fifty-two week low of $4.81 and a fifty-two week high of $7.90.

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 paid 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 (DPR) is currently -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.