Northland Power Inc. (TSE:NPI - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$21.31 and traded as high as C$24.65. Northland Power shares last traded at C$23.96, with a volume of 1,446,005 shares traded.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on NPI. Raymond James Financial decreased their price objective on shares of Northland Power from C$29.00 to C$28.00 and set an "outperform" rating for the company in a report on Friday, August 15th. CIBC upped their price objective on shares of Northland Power from C$28.00 to C$29.00 in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Northland Power presently has an average rating of "Buy" and an average target price of C$27.08.
View Our Latest Stock Analysis on Northland Power
Northland Power Price Performance
The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23. The stock's fifty day simple moving average is C$22.67 and its 200-day simple moving average is C$21.31. The company has a market capitalization of C$6.27 billion, a P/E ratio of -114.10, a PEG ratio of 0.71 and a beta of 0.85.
Northland Power Dividend Announcement
The company also recently declared a monthly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 15th were issued a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Thursday, July 31st. Northland Power's dividend payout ratio is -571.43%.
About Northland Power
(
Get Free Report)
Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company's largest segment over the long term.
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