Northland Power (OTCMKTS:NPIFF) Trading Down 0.3% - Time to Sell?

Northland Power, Inc. (OTCMKTS:NPIFF - Get Free Report) dropped 0.3% on Monday . The stock traded as low as $16.58 and last traded at $16.69. Approximately 16,422 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 74,863 shares. The stock had previously closed at $16.75.

Wall Street Analyst Weigh In

Separately, Scotiabank upgraded Northland Power from a "sector perform" rating to an "outperform" rating in a report on Thursday, May 15th.

Northland Power Stock Performance

The stock has a market cap of $4.45 billion and a P/E ratio of -53.86. The firm has a 50-day moving average price of $15.34 and a 200-day moving average price of $13.80.

Northland Power Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be given a $0.073 dividend. The ex-dividend date is Monday, June 30th. This represents a dividend yield of 5.52%. This is a positive change from Northland Power's previous dividend of $0.07.

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.