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

Northland Power, Inc. (OTCMKTS:NPIFF)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $17.84, but opened at $15.50. Northland Power shares last traded at $14.1150, with a volume of 12,308 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NPIFF. CIBC reaffirmed an “outperform” rating on shares of Northland Power in a research report on Tuesday, October 21st. BMO Capital Markets reaffirmed an “outperform” rating on shares of Northland Power in a research note on Thursday, August 14th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Northland Power Price Performance

The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.91. The stock’s fifty day moving average is $17.27 and its 200-day moving average is $16.20. The stock has a market cap of $3.56 billion and a PE ratio of -80.09.

Northland Power Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $0.0724 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a dividend yield of 542.0%. Northland Power’s payout ratio is presently -500.00%.

About Northland Power

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.