Polaris Infrastructure (TSE:PIF) Shares Pass Below 50-Day Moving Average of $14.40

Polaris Infrastructure Inc (TSE:PIF) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $14.40 and traded as low as $14.22. Polaris Infrastructure shares last traded at $14.31, with a volume of 29,072 shares changing hands.

A number of equities analysts recently issued reports on the stock. Beacon Securities reiterated a “buy” rating on shares of Polaris Infrastructure in a research report on Wednesday, July 8th. Raymond James set a C$25.00 price objective on shares of Polaris Infrastructure and gave the company an “outperform” rating in a research note on Wednesday, June 17th.

The firm’s 50 day moving average price is C$14.40 and its 200-day moving average price is C$13.55. The firm has a market cap of $224.75 million and a price-to-earnings ratio of 15.06. The company has a debt-to-equity ratio of 86.12, a current ratio of 1.69 and a quick ratio of 1.67.

Polaris Infrastructure (TSE:PIF) last issued its earnings results on Thursday, May 21st. The company reported C$0.37 EPS for the quarter, topping the consensus estimate of C$0.35 by C$0.02. The firm had revenue of C$27.01 million during the quarter, compared to the consensus estimate of C$30.32 million. Analysts expect that Polaris Infrastructure Inc will post 1.23 EPS for the current year.

Polaris Infrastructure Company Profile (TSE:PIF)

Polaris Infrastructure Inc, a renewable energy company, acquires, explores, develops, and operates renewable energy projects in Latin America. The company, through its subsidiaries, owns and operates the San Jacinto project, a 72 megawatt (MW) net capacity geothermal facility located in northwest Nicaragua.

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