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

Northland Power, Inc. (OTCMKTS:NPIFF) gapped down prior to trading 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 changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. CIBC reissued an “outperform” rating on shares of Northland Power in a research report on Friday, November 21st. National Bankshares restated an “outperform” rating on shares of Northland Power in a research note on Wednesday, December 3rd. TD Securities lowered Northland Power from a “buy” rating to a “hold” rating in a report on Friday, November 21st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Northland Power in a research report on Friday, November 14th. Finally, Desjardins downgraded shares of Northland Power to a “hold” rating in a research note on Friday, November 14th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Northland Power Stock Up 0.7%

The firm has a market cap of $3.23 billion and a price-to-earnings ratio of -15.27. The stock has a 50-day moving average of $15.15 and a 200-day moving average of $15.88. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.49.

Northland Power Cuts Dividend

The company also recently announced 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 of this dividend was Friday, November 28th. Northland Power’s 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.