Northland Power (OTCMKTS:NPIFF) Stock Price Up 0% - Here's What Happened

Key Points

• Northland Power's stock price rose 0% to $17.80 with a total trading volume significantly declining by 95% compared to its average daily volume.
• BMO Capital Markets reaffirmed an "outperform" rating, and Northland Power currently has a consensus rating of "Buy" from three investment analysts.
• The company recently announced a dividend of $0.0724 per share, to be paid on October 15th, resulting in a yield of 542.0% despite a negative payout ratio of -511.76%.

Northland Power, Inc. (OTCMKTS:NPIFF - Get Free Report)'s stock price rose 0% on Monday . The stock traded as high as $17.80 and last traded at $17.80. Approximately 2,262 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 44,495 shares. The stock had previously closed at $17.79.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reaffirmed an "outperform" rating on shares of Northland Power in a report on Thursday, August 14th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Northland Power has a consensus rating of "Buy".

Northland Power Trading Up 0.0%

The stock has a market cap of $4.65 billion and a PE ratio of -104.70. The business's fifty day moving average is $16.45 and its 200 day moving average is $15.49. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.32.

Northland Power Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.0724 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a yield of 542.0%. Northland Power's payout ratio is currently -511.76%.

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.

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