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Northland Power (TSE:NPI) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

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Northland Power Inc. (TSE:NPI - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$19.84 and traded as high as C$20.07. Northland Power shares last traded at C$19.34, with a volume of 1,149,852 shares traded.

Analyst Ratings Changes

NPI has been the topic of a number of research analyst reports. Raymond James lowered their price objective on shares of Northland Power from C$30.00 to C$29.00 in a research note on Friday, February 28th. Scotiabank lowered their price target on Northland Power from C$28.00 to C$25.00 in a research report on Thursday, January 30th. National Bankshares cut their price objective on Northland Power from C$34.00 to C$32.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th. TD Securities lifted their target price on Northland Power from C$23.00 to C$24.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Finally, CIBC dropped their price target on shares of Northland Power from C$29.00 to C$28.00 in a research report on Friday, February 28th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$27.21.

Check Out Our Latest Stock Report on Northland Power

Northland Power Price Performance

The stock has a 50 day moving average of C$18.13 and a two-hundred day moving average of C$19.79. The company has a debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17. The stock has a market cap of C$5.08 billion, a PE ratio of -35.45, a PEG ratio of 0.71 and a beta of 0.47.

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Northland Power Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th were paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.20%. The ex-dividend date was Friday, January 31st. Northland Power's dividend payout ratio is -219.84%.

Northland Power Company Profile

(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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