Northland Power (TSE:NPI) Sets New 52-Week Low – Here’s What Happened

Northland Power Inc. (TSE:NPI) reached a new 52-week low during trading on Monday . The stock traded as low as C$17.76 and last traded at C$18.02, with a volume of 390252 shares changing hands. The stock had previously closed at C$18.12.

Analysts Set New Price Targets

Separately, Raymond James upgraded shares of Northland Power to a “moderate buy” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Northland Power has an average rating of “Moderate Buy” and a consensus target price of C$30.14.

Northland Power Trading Down 1.3 %

The firm has a market capitalization of C$4.61 billion, a price-to-earnings ratio of 74.50, a PEG ratio of 0.71 and a beta of 0.47. The business’s 50-day moving average price is C$20.05 and its 200 day moving average price is C$21.92. The company has a debt-to-equity ratio of 166.53, a current ratio of 0.86 and a quick ratio of 1.23.

Northland Power Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were given a $0.10 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.20 dividend on an annualized basis and a yield of 6.71%. Northland Power’s payout ratio is currently 500.00%.

About Northland Power

Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.