Northland Power (OTCMKTS:NPIFF) Shares Gap Down – Should You Sell?

Northland Power, Inc. (OTCMKTS:NPIFF)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $13.34, but opened at $12.72. Northland Power shares last traded at $13.4440, with a volume of 4,218 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. National Bankshares restated an “outperform” rating on shares of Northland Power in a research report on Wednesday, December 3rd. TD Securities downgraded shares of Northland Power from a “buy” rating to a “hold” rating in a research report on Friday, November 21st. Royal Bank Of Canada reissued an “outperform” rating on shares of Northland Power in a research note on Friday, November 14th. Desjardins downgraded shares of Northland Power to a “hold” rating in a research report on Friday, November 14th. Finally, Scotiabank reissued a “sector perform” rating on shares of Northland Power in a research report on Friday, November 21st. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Northland Power Stock Performance

The firm’s 50-day moving average price is $13.14 and its 200 day moving average price is $15.51. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $3.58 billion and a price-to-earnings ratio of -16.91.

Northland Power Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a dividend of $0.0714 per share. This represents a dividend yield of 744.0%. The ex-dividend date was Friday, November 28th. Northland Power’s dividend payout ratio (DPR) is presently -64.20%.

About Northland Power

Northland Power Inc is a Canadian developer, owner and operator of power generation facilities, with a focus on clean and green energy. The company’s portfolio encompasses natural gas–fired, wind, solar and thermal projects, and its operations span from onshore and nearshore facilities in Canada to offshore wind farms in Europe. Northland Power is structured to manage all stages of a project’s lifecycle, from early-stage development and financing through construction and long-term operation.

In Canada, Northland Power operates a mix of combined-cycle gas turbines and peaking plants, as well as solar installations, serving industrial and municipal customers under long-term contracts.