Green Impact Partners (CVE:GIP) Stock Price Down 37.1% Following Analyst Downgrade

Green Impact Partners Inc. (CVE:GIP)’s stock price dropped 37.1% during mid-day trading on Friday after Royal Bank of Canada lowered their price target on the stock from C$8.00 to C$6.00. Royal Bank of Canada currently has an outperform rating on the stock. Green Impact Partners traded as low as C$3.00 and last traded at C$3.24. Approximately 267,933 shares traded hands during mid-day trading, an increase of 1,473% from the average daily volume of 17,035 shares. The stock had previously closed at C$5.15.

Separately, Desjardins set a C$9.00 target price on shares of Green Impact Partners and gave the stock a “buy” rating in a research report on Thursday, January 30th.

Green Impact Partners Stock Down 8.3 %

The stock has a market cap of C$58.24 million, a price-to-earnings ratio of -5.21 and a beta of 0.52. The company has a quick ratio of 0.68, a current ratio of 0.64 and a debt-to-equity ratio of 33.29. The stock has a fifty day moving average of C$5.12 and a two-hundred day moving average of C$4.16.

About Green Impact Partners

Green Impact Partners Inc provides water, waste, and solids treatment and recycling services in North America. The company operates in two segments, Water & Solids Recycling & Energy Product Optimization; and Clean Energy Production. It operates a portfolio of water and solids treatment and recycling facilities.