Northland Power (TSE:NPI) Shares Cross Above 200-Day Moving Average – Time to Sell?

Northland Power Inc. (TSE:NPI) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$19.72 and traded as high as C$20.19. Northland Power shares last traded at C$20.06, with a volume of 3,082,608 shares.

Analyst Ratings Changes

Several research firms recently commented on NPI. TD Securities raised their target price on Northland Power from C$23.00 to C$24.00 and gave the stock a “buy” rating in a report on Friday, February 28th. National Bankshares cut their target price on shares of Northland Power from C$34.00 to C$32.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. Scotiabank lowered their price target on shares of Northland Power from C$28.00 to C$25.00 in a report on Thursday, January 30th. CIBC cut their price objective on shares of Northland Power from C$29.00 to C$28.00 in a report on Friday, February 28th. Finally, Raymond James lowered their target price on shares of Northland Power from C$30.00 to C$29.00 in a research note on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Northland Power currently has an average rating of “Moderate Buy” and an average target price of C$27.21.

Northland Power Trading Up 1.5 %

The firm has a market capitalization of C$5.26 billion, a PE ratio of -36.75, a P/E/G ratio of 0.71 and a beta of 0.47. The company’s fifty day simple moving average is C$18.23 and its 200-day simple moving average is C$19.72. The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23.

Northland Power Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th were issued a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 5.98%. The ex-dividend date of this dividend was Friday, January 31st. Northland Power’s payout ratio is -219.84%.

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.