Just Energy Group (TSE:JE) Share Price Passes Below Fifty Day Moving Average of $5.24

Just Energy Group Inc (TSE:JE) (NYSE:JE)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.24 and traded as low as $5.60. Just Energy Group shares last traded at $5.62, with a volume of 59,577 shares traded.

A number of equities research analysts recently commented on JE shares. CIBC restated a “hold” rating on shares of Just Energy Group in a report on Friday, June 7th. Canaccord Genuity lowered shares of Magellan Aerospace from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$21.00 to C$20.00 in a report on Monday, May 13th. Royal Bank of Canada dropped their price objective on shares of Saputo from C$52.00 to C$50.00 and set an “outperform” rating on the stock in a report on Friday, June 7th. TD Securities dropped their price objective on shares of Transcontinental from C$25.00 to C$22.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Finally, National Bank Financial raised their price objective on shares of TRANSAT AT from C$8.50 to C$13.00 and gave the stock a “sector perform” rating in a report on Friday, May 17th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of C$5.25.

The company has a debt-to-equity ratio of 2,374.38, a current ratio of 1.27 and a quick ratio of 0.91. The business’s 50 day simple moving average is C$5.26. The firm has a market cap of $856.31 million and a PE ratio of -6.43.

Just Energy Group (TSE:JE) (NYSE:JE) last issued its quarterly earnings results on Thursday, May 16th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.25 by C($0.05). The business had revenue of C$1.02 billion for the quarter, compared to analysts’ expectations of C$1.08 billion. As a group, analysts expect that Just Energy Group Inc will post 0.43 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.50 annualized dividend and a yield of 8.80%. Just Energy Group’s payout ratio is currently -56.63%.

Just Energy Group Company Profile (TSE:JE)

Just Energy Group Inc, through its subsidiaries, provides electricity, natural gas, and renewable energy solutions in the United States, Canada, the United Kingdom, Ireland, Germany, and Japan. It operates through Consumer Energy and Commercial Energy segments. The company offers various home and business energy solutions, including long-term fixed-price, variable-price, and flat-bill solutions to residential and commercial customers.

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