Atlantic Power (TSE:ATP) Stock Passes Above 200 Day Moving Average of $0.00

Atlantic Power Corp (TSE:ATP) (NYSE:ATP) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $3.23. Atlantic Power shares last traded at $3.18, with a volume of 18,950 shares traded.

Separately, National Bank Financial increased their target price on shares of Atlantic Power from C$2.80 to C$2.90 and gave the stock a “sector perform” rating in a report on Friday, May 17th.

The business has a fifty day simple moving average of C$3.19. The firm has a market cap of $345.54 million and a price-to-earnings ratio of 12.75. The company has a debt-to-equity ratio of 374.07, a quick ratio of 0.83 and a current ratio of 1.01.

Atlantic Power (TSE:ATP) (NYSE:ATP) last announced its earnings results on Thursday, May 2nd. The company reported C$0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.03 by C$0.06. The business had revenue of C$97.06 million for the quarter. As a group, equities analysts expect that Atlantic Power Corp will post 0.05 earnings per share for the current fiscal year.

Atlantic Power Company Profile (TSE:ATP)

Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. As of December 31, 2017, its power generation projects had an aggregate gross electric generation capacity of approximately 1,633 megawatts consisting of interests in 18 operational power generation projects across 9 states in the United States and 2 provinces in Canada.

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