Northern Technologies International (NASDAQ:NTIC) Issues Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Northern Technologies International (NASDAQ:NTIC) released its earnings results on Wednesday. The specialty chemicals company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.08, MarketWatch Earnings reports. Northern Technologies International had a positive return on equity of 0.44% and a negative net margin of 2.81%.

NASDAQ:NTIC traded down $0.17 on Friday, hitting $12.24. 133 shares of the stock were exchanged, compared to its average volume of 19,191. The stock has a market cap of $111.45 million, a PE ratio of -82.73 and a beta of 1.24. The stock has a fifty day moving average of $9.96 and a 200-day moving average of $8.81. Northern Technologies International has a fifty-two week low of $4.70 and a fifty-two week high of $14.85.

NTIC has been the subject of several analyst reports. Zacks Investment Research upgraded Northern Technologies International from a “sell” rating to a “hold” rating in a research note on Saturday, November 14th. Northland Securities upped their target price on Northern Technologies International from $13.00 to $15.00 and gave the company an “outperform” rating in a research note on Friday, November 13th.

Northern Technologies International Company Profile

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.

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Earnings History for Northern Technologies International (NASDAQ:NTIC)

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