Northland Power (TSE:NPI) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Northland Power Inc. (TSE:NPI) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$21.33 and traded as low as C$19.06. Northland Power shares last traded at C$19.13, with a volume of 914,862 shares trading hands.

Analysts Set New Price Targets

NPI has been the subject of a number of recent research reports. Raymond James Financial reduced their target price on shares of Northland Power from C$25.00 to C$23.00 in a report on Monday, November 24th. Desjardins downgraded shares of Northland Power from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 13th. BMO Capital Markets reduced their price objective on shares of Northland Power from C$25.00 to C$23.00 in a research note on Friday, November 21st. ATB Capital decreased their target price on shares of Northland Power from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research report on Tuesday, December 23rd. Finally, Scotiabank lowered their target price on shares of Northland Power from C$24.00 to C$23.00 in a research note on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$23.17.

Northland Power Stock Performance

The stock has a market capitalization of C$5.00 billion, a price-to-earnings ratio of -17.55, a P/E/G ratio of 0.71 and a beta of 0.81. The company has a current ratio of 1.17, a quick ratio of 1.23 and a debt-to-equity ratio of 181.28. The firm has a 50-day moving average of C$17.81 and a 200-day moving average of C$21.33.

Northland Power (TSE:NPI) last posted its quarterly earnings results on Thursday, November 13th. The solar energy provider reported C($1.58) earnings per share for the quarter. The firm had revenue of C$554.48 million for the quarter. Northland Power had a negative net margin of 5.92% and a negative return on equity of 3.37%.

Insiders Place Their Bets

In other Northland Power news, insider Christine Healy purchased 30,000 shares of Northland Power stock in a transaction on Thursday, November 27th. The stock was bought at an average cost of C$16.71 per share, with a total value of C$501,300.00. Following the transaction, the insider owned 30,000 shares of the company’s stock, valued at C$501,300. This represents a ∞ increase in their position. In the last 90 days, insiders have purchased 33,425 shares of company stock valued at $545,461. 0.09% of the stock is currently owned by corporate insiders.

Northland Power Company Profile

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company’s largest segment over the long term. Northland’s growth opportunities are global and span North America, Europe, Latin America, and Asia.