Northland Power (OTCMKTS:NPIFF) Stock Price Down 6.4% - Should You Sell?

Key Points

• Northland Power shares fell by 6.4%, trading at $15.03, with a significant decline in trading volume to approximately 8,436 shares compared to an average of 70,828 shares.
• Brokerages have recently upgraded Northland Power's ratings, with Scotiabank moving it from "sector perform" to "outperform" and BMO Capital Markets reaffirming an "outperform" rating.
• The company announced an increase in its dividend payment to $0.073 per share, effective August 15th, marking a boost from the previous dividend of $0.07, despite a payout ratio of -275.23%.

Northland Power, Inc. (OTCMKTS:NPIFF - Get Free Report) shares were down 6.4% during mid-day trading on Thursday . The company traded as low as $15.03 and last traded at $15.03. Approximately 8,436 shares were traded during trading, a decline of 88% from the average daily volume of 70,828 shares. The stock had previously closed at $16.06.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NPIFF shares. BMO Capital Markets reaffirmed an "outperform" rating on shares of Northland Power in a research report on Thursday, August 14th. Scotiabank upgraded Northland Power from a "sector perform" rating to an "outperform" rating in a report on Thursday, May 15th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy".

Northland Power Trading Down 1.3%

The company has a market capitalization of $4.21 billion and a price-to-earnings ratio of -50.97. The stock has a 50-day simple moving average of $16.28 and a 200-day simple moving average of $14.49.

Northland Power Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a $0.073 dividend. This is a boost from Northland Power's previous dividend of $0.07. This represents a yield of 522.0%. The ex-dividend date of this dividend was Thursday, July 31st. Northland Power's dividend payout ratio is presently -275.23%.

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.