Shares of Northland Power Inc. (TSE:NPI - Get Free Report) hit a new 52-week low on Monday . The company 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 Northland Power to a "moderate buy" rating in a research note on Friday, November 15th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$30.14.
Get Our Latest Stock Report on NPI
Northland Power Stock Down 1.2 %
The company has a debt-to-equity ratio of 166.53, a current ratio of 0.86 and a quick ratio of 1.23. The company has a market capitalization of C$4.61 billion, a price-to-earnings ratio of 74.58, a P/E/G ratio of 0.71 and a beta of 0.47. The firm's fifty day moving average price is C$20.05 and its 200-day moving average price is C$21.92.
Northland Power Announces Dividend
The company also recently announced a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were issued 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 6.70%. Northland Power's payout ratio is presently 500.00%.
Northland Power Company Profile
(
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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.
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