Northland Power (TSE:NPI) Reaches New 12-Month Low – Here’s What Happened

Northland Power Inc. (TSE:NPI) shares reached a new 52-week low during trading on Friday . The company traded as low as C$17.82 and last traded at C$18.15, with a volume of 41239 shares. The stock had previously closed at C$17.97.

Analyst Upgrades and Downgrades

Separately, Raymond James raised Northland Power to a “moderate buy” rating in a research report on Friday, November 15th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$30.14.

Northland Power Trading Up 0.7 %

The stock has a market capitalization of C$4.66 billion, a PE ratio of 75.38, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The company has a debt-to-equity ratio of 166.53, a quick ratio of 1.23 and a current ratio of 0.86. The business’s 50-day moving average is C$20.41 and its two-hundred day moving average is C$22.12.

Northland Power Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, November 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.63%. Northland Power’s dividend payout ratio (DPR) is 500.00%.

Northland Power Company Profile

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.