Cormark Analysts Increase Earnings Estimates for UGE International Ltd. (CVE:UGE)

UGE International Ltd. (CVE:UGE) – Research analysts at Cormark increased their FY2024 EPS estimates for shares of UGE International in a research report issued to clients and investors on Wednesday, May 1st. Cormark analyst N. Boychuk now forecasts that the company will post earnings per share of ($0.81) for the year, up from their prior forecast of ($0.87). Cormark has a “Market Perform” rating and a $1.00 price target on the stock. The consensus estimate for UGE International’s current full-year earnings is ($0.35) per share. Cormark also issued estimates for UGE International’s FY2025 earnings at ($0.74) EPS.

UGE International Price Performance

Shares of CVE UGE opened at C$0.56 on Friday. UGE International has a 52 week low of C$0.50 and a 52 week high of C$2.03. The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 1,211.57. The firm has a market cap of C$18.63 million, a P/E ratio of -1.02 and a beta of 0.71. The business’s 50 day moving average price is C$0.78 and its 200 day moving average price is C$1.00.

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.