Northland Power Inc. (TSE:NPI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$20.97 and traded as high as C$22.73. Northland Power shares last traded at C$22.56, with a volume of 422,624 shares trading hands.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the stock. CIBC upped their price objective on shares of Northland Power from C$28.00 to C$29.00 in a research note on Monday, July 21st. National Bank Financial raised shares of Northland Power to a "strong-buy" rating in a research note on Sunday, June 8th. Finally, Raymond James Financial lowered 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 research note on Friday, August 15th. 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 company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of C$27.08.
Check Out Our Latest Research Report on NPI
Northland Power Price Performance
The company has a quick ratio of 1.23, a current ratio of 1.17 and a debt-to-equity ratio of 181.28. The firm's 50-day moving average is C$22.50 and its 200-day moving average is C$20.97. The company has a market cap of C$5.90 billion, a PE ratio of -107.43, a PEG ratio of 0.71 and a beta of 0.88.
Northland Power Announces Dividend
The business also recently declared a monthly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 15th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, July 31st. This represents a c) annualized dividend and a dividend yield of 5.3%. Northland Power's payout ratio is currently -571.43%.
Northland Power Company Profile
(
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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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