Northland Power (TSE:NPI) Reaches New 52-Week Low – Time to Sell?

Northland Power Inc. (TSE:NPI) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$16.34 and last traded at C$16.57, with a volume of 124890 shares changing hands. The stock had previously closed at C$17.01.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NPI. Cormark lowered their target price on shares of Northland Power from C$25.00 to C$23.50 in a report on Thursday. CIBC dropped their price objective on shares of Northland Power from C$31.00 to C$29.00 in a report on Wednesday, January 8th. National Bankshares reduced their target price on Northland Power from C$35.00 to C$34.00 in a report on Wednesday, January 15th. Scotiabank dropped their price target on Northland Power from C$28.00 to C$25.00 in a report on Thursday. Finally, Raymond James raised Northland Power to a “moderate buy” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$28.56.

Northland Power Trading Down 3.5 %

The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 166.53. The stock has a market capitalization of C$4.23 billion, a P/E ratio of 68.38, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The company has a fifty day simple moving average of C$18.59 and a two-hundred day simple moving average of C$20.90.

Northland Power Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be given a $0.10 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.20 annualized dividend and a yield of 7.31%. Northland Power’s dividend payout ratio is currently 500.00%.

Northland Power Company Profile

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.