UGE International (CVE:UGE) Lowered to Market Perform at Cormark

UGE International (CVE:UGE) was downgraded by stock analysts at Cormark from a “buy” rating to a “market perform” rating in a report released on Wednesday, BayStreet.CA reports. They currently have a C$1.00 target price on the stock, down from their prior target price of C$2.75. Cormark’s price target suggests a potential upside of 78.57% from the company’s previous close.

UGE International Stock Performance

Shares of CVE UGE opened at C$0.56 on Wednesday. The firm has a 50 day moving average of C$0.78 and a 200 day moving average of C$1.01. The company has a current ratio of 1.14, a quick ratio of 0.73 and a debt-to-equity ratio of 1,211.57. The firm has a market capitalization of C$18.63 million, a price-to-earnings ratio of -1.02 and a beta of 0.71. UGE International has a 12-month low of C$0.50 and a 12-month high of C$2.03.

UGE International Company Profile

UGE International Ltd. develops, builds, finances, owns, and operates commercial and community solar facilities in Canada, the United States, and the Philippines. It also provides energy storage services; and engineering and consulting services. The company was founded in 2008 and is headquartered in Toronto, Canada.