Green Impact Partners (CVE:GIP) Shares Down 1.2% – Should You Sell?

Green Impact Partners Inc. (CVE:GIP) shares traded down 1.2% during mid-day trading on Wednesday . The stock traded as low as C$4.03 and last traded at C$4.03. 2,000 shares changed hands during trading, a decline of 89% from the average session volume of 18,366 shares. The stock had previously closed at C$4.08.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada dropped their price objective on shares of Green Impact Partners from C$8.00 to C$6.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Canaccord Genuity Group cut shares of Green Impact Partners from a “speculative buy” rating to a “hold” rating and decreased their price target for the company from C$6.00 to C$3.00 in a research report on Tuesday, May 6th.

Green Impact Partners Stock Down 1.2%

The business has a 50-day simple moving average of C$4.20 and a 200-day simple moving average of C$4.22. The company has a debt-to-equity ratio of 33.29, a quick ratio of 0.68 and a current ratio of 0.64. The company has a market cap of C$79.02 million, a price-to-earnings ratio of -7.06 and a beta of 0.52.

Green Impact Partners Company Profile

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.