Atlantic Power Co. (TSE:ATP) (NYSE:ATP)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$3.07 and traded as high as C$3.80. Atlantic Power shares last traded at C$3.78, with a volume of 81,814 shares.
ATP has been the subject of several recent research reports. TD Securities lowered shares of Atlantic Power from a “hold” rating to a “tender” rating and upped their price target for the stock from C$2.50 to C$3.03 in a research report on Monday, January 18th. National Bank Financial lowered shares of Atlantic Power from an “outperform” rating to a “tender” rating and upped their price target for the stock from C$2.60 to C$3.03 in a research report on Monday, January 18th.
The firm’s 50-day moving average price is C$3.63 and its 200 day moving average price is C$3.07. The firm has a market cap of C$339.12 million and a P/E ratio of 6.06. The company has a quick ratio of 0.54, a current ratio of 0.78 and a debt-to-equity ratio of 362.93.
About Atlantic Power (TSE:ATP)
Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. As of December 31, 2019, its portfolio consisted of twenty-one operating projects with an aggregate electric generating capacity of approximately 1,723 megawatts on a gross ownership basis and approximately 1,327 MW on a net ownership basis across eleven states in the United States and two provinces in Canada.
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