Northland Power (TSE:NPI) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Northland Power Inc. (TSE:NPI) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$21.62 and traded as high as C$22.11. Northland Power shares last traded at C$22.05, with a volume of 682,646 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently weighed in on NPI shares. Desjardins cut their price objective on Northland Power from C$24.00 to C$23.00 and set a “hold” rating for the company in a research report on Friday, May 15th. TD raised their target price on Northland Power from C$24.00 to C$25.00 and gave the company a “hold” rating in a report on Friday, May 15th. ATB Cormark Capital Markets lifted their price target on Northland Power from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Raymond James Financial increased their price objective on Northland Power from C$25.50 to C$26.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Finally, Scotia increased their price target on shares of Northland Power from C$23.00 to C$25.00 and gave the company a “sector perform” rating in a report on Friday, May 15th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$24.80.

Northland Power Stock Performance

The firm has a fifty day simple moving average of C$22.59 and a 200 day simple moving average of C$21.62. The company has a current ratio of 1.16, a quick ratio of 1.23 and a debt-to-equity ratio of 168.64. The stock has a market cap of C$5.77 billion, a price-to-earnings ratio of -38.68, a PEG ratio of 0.71 and a beta of 0.86.

Northland Power (TSE:NPI) last announced its quarterly earnings data on Thursday, May 14th. The solar energy provider reported C$0.33 earnings per share for the quarter. The company had revenue of C$776.97 million for the quarter. Northland Power had a negative return on equity of 3.45% and a negative net margin of 5.52%.

Northland Power Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were issued a $0.06 dividend. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Northland Power’s payout ratio is -182.46%.

About Northland Power

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.