Synex Renewable Energy (TSE:SXI) Stock Passes Above 50 Day Moving Average – Should You Sell?

Synex Renewable Energy Co. (TSE:SXI)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$1.69 and traded as high as C$1.70. Synex Renewable Energy shares last traded at C$1.70, with a volume of 300 shares trading hands.

Synex Renewable Energy Stock Performance

The company has a 50 day simple moving average of C$1.69 and a 200 day simple moving average of C$1.78. The company has a quick ratio of 0.26, a current ratio of 0.31 and a debt-to-equity ratio of 409.15. The stock has a market cap of C$7.99 million, a price-to-earnings ratio of -8.10 and a beta of 0.29.

Synex Renewable Energy (TSE:SXI) last issued its quarterly earnings results on Monday, September 30th. The company reported C($0.11) earnings per share (EPS) for the quarter. Synex Renewable Energy had a negative return on equity of 34.34% and a negative net margin of 44.82%. The firm had revenue of C$0.64 million during the quarter.

About Synex Renewable Energy

Synex Renewable Energy Corporation, through its subsidiaries, develops, owns, and operates electric power generation facilities. It provides engineering services for the control and use of water, primarily the design of hydroelectric and other power generation facilities, hydrology studies, river engineering, and related environmental services.