Green Impact Partners (CVE:GIP) Shares Down 5% – Time to Sell?

Shares of Green Impact Partners Inc. (CVE:GIP) were down 5% on Friday . The stock traded as low as C$2.98 and last traded at C$3.02. Approximately 17,470 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 15,441 shares. The stock had previously closed at C$3.18.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada lowered shares of Green Impact Partners from a “moderate buy” rating to a “hold” rating and upped their price objective for the stock from C$4.00 to C$5.00 in a research note on Tuesday, October 14th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$5.67.

Green Impact Partners Price Performance

The stock has a fifty day moving average price of C$3.24 and a 200-day moving average price of C$3.57. The firm has a market capitalization of C$65.25 million, a PE ratio of -2.99 and a beta of 0.45. The company has a debt-to-equity ratio of 33.29, a quick ratio of 0.68 and a current ratio of 0.64.

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.