Northland Power (TSE:NPI) Share Price Breaks Below 200-Day Moving Average – Should You Sell?

Northland Power Inc. (TSE:NPI) crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of C$22.35 and traded as low as C$22.21. Northland Power shares last traded at C$22.47, with a volume of 643,865 shares trading hands.

Analyst Ratings Changes

A number of research firms have recently commented on NPI. Desjardins reduced their price objective on shares of Northland Power from C$23.00 to C$22.00 and set a “hold” rating for the company in a report on Wednesday, July 22nd. TD Securities raised shares of Northland Power from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 14th. ATB Cormark Capital Markets raised their price target on shares of Northland Power from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Finally, TD raised Northland Power from a “hold” rating to a “buy” rating and set a C$25.00 price objective on the stock in a report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Northland Power has a consensus rating of “Moderate Buy” and an average price target of C$24.90.

Northland Power Price Performance

The stock has a fifty day moving average of C$21.55 and a two-hundred day moving average of C$22.35. The company has a current ratio of 1.04, a quick ratio of 1.23 and a debt-to-equity ratio of 164.38. The stock has a market capitalization of C$5.77 billion, a price-to-earnings ratio of -39.39, a PEG ratio of 0.71 and a beta of 0.59.

Northland Power (TSE:NPI) last announced its earnings results on Thursday, August 13th. The solar energy provider reported C($0.24) EPS for the quarter. Northland Power had a negative return on equity of 3.46% and a negative net margin of 5.48%.The business had revenue of C$512.21 million for the quarter.

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.