Northland Power (TSE:NPI) Sets New 52-Week Low – What’s Next?

Northland Power Inc. (TSE:NPI)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as C$19.09 and last traded at C$19.10, with a volume of 588568 shares changing hands. The stock had previously closed at C$19.65.

Analyst Ratings Changes

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

Northland Power Stock Down 3.0 %

The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 166.53. The stock’s fifty day moving average price is C$21.21 and its 200 day moving average price is C$22.43. The stock has a market cap of C$4.91 billion, a P/E ratio of 81.88, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47.

Northland Power Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.29%. The ex-dividend date is Friday, November 29th. Northland Power’s dividend payout ratio (DPR) is presently 500.00%.

About Northland Power

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.