Northland Power (OTCMKTS:NPIFF) Shares Gap Down – What’s Next?

Northland Power, Inc. (OTCMKTS:NPIFF)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $12.61, but opened at $12.25. Northland Power shares last traded at $12.25, with a volume of 450 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NPIFF shares. Desjardins cut shares of Northland Power to a “hold” rating in a research report on Friday, November 14th. National Bankshares reiterated an “outperform” rating on shares of Northland Power in a research report on Wednesday, December 3rd. Scotiabank restated a “sector perform” rating on shares of Northland Power in a research report on Friday, November 21st. TD Securities lowered Northland Power from a “buy” rating to a “hold” rating in a research report on Friday, November 21st. Finally, CIBC reaffirmed an “outperform” rating on shares of Northland Power in a research report on Friday, November 21st. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Northland Power Stock Up 0.7%

The company’s fifty day moving average is $15.15 and its 200-day moving average is $15.88. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.49. The company has a market cap of $3.23 billion and a PE ratio of -15.27.

Northland Power Cuts Dividend

The company also recently declared 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 yield of 744.0%. The ex-dividend date was Friday, November 28th. Northland Power’s dividend payout ratio is presently -104.94%.

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.