Northern Technologies International (NASDAQ:NTIC) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Northern Technologies International (NASDAQ:NTICGet Free Report) announced its earnings results on Thursday. The specialty chemicals company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.06), FiscalAI reports. Northern Technologies International had a negative net margin of 0.87% and a positive return on equity of 0.05%.

Northern Technologies International Price Performance

Shares of NTIC stock opened at $8.58 on Thursday. The stock has a market capitalization of $81.42 million, a price-to-earnings ratio of -107.25 and a beta of 0.17. The company has a current ratio of 1.81, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01. Northern Technologies International has a twelve month low of $7.14 and a twelve month high of $10.03. The stock has a fifty day simple moving average of $8.14 and a two-hundred day simple moving average of $8.40.

Institutional Trading of Northern Technologies International

Hedge funds have recently added to or reduced their stakes in the business. Rothschild Wealth LLC bought a new position in Northern Technologies International during the 4th quarter worth about $1,330,000. Renaissance Technologies LLC raised its holdings in shares of Northern Technologies International by 15.0% in the 4th quarter. Renaissance Technologies LLC now owns 126,377 shares of the specialty chemicals company’s stock valued at $990,000 after purchasing an additional 16,500 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Northern Technologies International by 274.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 65,581 shares of the specialty chemicals company’s stock worth $506,000 after purchasing an additional 48,047 shares during the period. Citadel Advisors LLC boosted its stake in shares of Northern Technologies International by 35.1% during the third quarter. Citadel Advisors LLC now owns 59,085 shares of the specialty chemicals company’s stock valued at $456,000 after purchasing an additional 15,351 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in Northern Technologies International by 72.4% during the fourth quarter. Jane Street Group LLC now owns 27,302 shares of the specialty chemicals company’s stock valued at $214,000 after buying an additional 11,470 shares during the period. 32.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NTIC shares. Weiss Ratings reissued a “sell (d)” rating on shares of Northern Technologies International in a research note on Wednesday, June 24th. Zacks Research raised Northern Technologies International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 9th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce”.

View Our Latest Report on Northern Technologies International

Northern Technologies International Company Profile

(Get Free Report)

Northern Technologies International Corporation (NASDAQ: NTIC) is a Minnesota‐based specialty chemical company that develops, manufactures and markets environmentally responsible corrosion prevention and metal surface treatment products. The company’s solutions include volatile corrosion inhibitor (VCI) films, emitters, powders and liquids designed to protect ferrous and non‐ferrous metals in industrial, aerospace, defense, electronics and automotive applications. In addition, NTIC offers packaging materials, engineered coatings and specialty pretreatment chemicals that meet stringent environmental regulations while extending equipment life and reducing maintenance costs.

NTIC serves a diversified global customer base, including metal fabricators, automotive suppliers, electronics manufacturers and oil and gas producers.

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Earnings History for Northern Technologies International (NASDAQ:NTIC)

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