Northland Power (TSE:NPI) Hits New 12-Month Low – Should You Sell?

Northland Power Inc. (TSE:NPI) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$19.11 and last traded at C$19.85, with a volume of 131356 shares changing hands. The stock had previously closed at C$20.22.

Northland Power Stock Down 0.4 %

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 business’s 50 day moving average price is C$21.64 and its 200 day moving average price is C$22.58. The firm has a market cap of C$5.19 billion, a PE ratio of 84.25, a PEG ratio of 0.71 and a beta of 0.47.

Northland Power (TSE:NPI) last posted its quarterly earnings data on Wednesday, August 14th. The solar energy provider reported C$0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.17 by C$0.08. Northland Power had a return on equity of 3.95% and a net margin of 2.98%. The company had revenue of C$528.97 million for the quarter, compared to analysts’ expectations of C$526.10 million.

Northland Power Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date of this dividend is Friday, November 29th. Northland Power’s dividend payout ratio is presently 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.