Northland Power (OTCMKTS:NPIFF) Shares Gap Down – Here’s What Happened

by · The Cerbat Gem

Northland Power, Inc. (OTCMKTS:NPIFF – Get Free Report)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $11.83, but opened at $11.44. Northland Power shares last traded at $11.44, with a volume of 405 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NPIFF. TD Securities downgraded Northland Power from a “buy” rating to a “hold” rating in a research note on Friday. BMO Capital Markets reiterated an “outperform” rating on shares of Northland Power in a report on Thursday, August 14th. CIBC reissued an “outperform” rating on shares of Northland Power in a research report on Friday. Royal Bank Of Canada restated an “outperform” rating on shares of Northland Power in a report on Friday, November 14th. Finally, Desjardins cut Northland Power to a “hold” rating in a research note on Friday, November 14th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

View Our Latest Research Report on NPIFF

Northland Power Trading Down 2.9%

The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. The company has a 50-day moving average price of $16.58 and a 200-day moving average price of $16.15. The company has a market capitalization of $3.00 billion and a price-to-earnings ratio of -14.18.

Northland Power Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a $0.0724 dividend. This represents a dividend yield of 542.0%. The ex-dividend date of this dividend was Monday, September 29th. Northland Power’s dividend payout ratio is currently -104.94%.

About Northland Power

(Get Free Report)

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.

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