Northern Technologies International Corporation (NTIC) Stock Rating Upgraded by ValuEngine

Northern Technologies International Corporation (NASDAQ:NTIC) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Monday.

Northern Technologies International Corporation (NTIC) opened at $20.27 on Monday. The stock has a market capitalization of $93.71, a P/E ratio of 31.34 and a beta of 1.22. Northern Technologies International Corporation has a 1 year low of $12.55 and a 1 year high of $21.66.

Northern Technologies International Corporation (NASDAQ:NTIC) last announced its earnings results on Monday, November 20th. The specialty chemicals company reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $10.90 million for the quarter. Northern Technologies International Corporation had a return on equity of 5.24% and a net margin of 1.56%.

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A number of hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in Northern Technologies International Corporation by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 144,596 shares of the specialty chemicals company’s stock worth $2,306,000 after purchasing an additional 800 shares during the last quarter. Vanguard Group Inc. boosted its position in Northern Technologies International Corporation by 37.5% in the second quarter. Vanguard Group Inc. now owns 103,839 shares of the specialty chemicals company’s stock worth $1,656,000 after purchasing an additional 28,300 shares during the last quarter. Essex Investment Management Co. LLC purchased a new position in Northern Technologies International Corporation in the third quarter worth $381,000. Renaissance Technologies LLC boosted its position in Northern Technologies International Corporation by 20.8% in the first quarter. Renaissance Technologies LLC now owns 20,300 shares of the specialty chemicals company’s stock worth $370,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Quantum Capital Management purchased a new position in Northern Technologies International Corporation in the third quarter worth $305,000. 26.04% of the stock is currently owned by institutional investors and hedge funds.

About Northern Technologies International Corporation

Northern Technologies International Corporation develops and markets environmentally beneficial products and services. The Company’s primary business is corrosion prevention marketed mainly under ZERUST and EXCOR brands (collectively ZERUST). The Company’s segments include ZERUST and Natur-Tec. The Company is engaged in selling its ZERUST products and services to the automotive, electronics, electrical, mechanical, military and retail consumer markets.

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