Northern Technologies International Corporation (NASDAQ:NTIC – Get Free Report) Director Richard Nigon sold 12,000 shares of the business’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $8.00, for a total value of $96,000.00. Following the completion of the transaction, the director owned 47,148 shares in the company, valued at approximately $377,184. This trade represents a 20.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Northern Technologies International Price Performance
Shares of NASDAQ NTIC opened at $8.05 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.72 and a debt-to-equity ratio of 0.01. Northern Technologies International Corporation has a fifty-two week low of $7.14 and a fifty-two week high of $10.03. The business has a 50 day moving average price of $8.18 and a two-hundred day moving average price of $8.42. The firm has a market cap of $76.44 million, a PE ratio of -67.08 and a beta of 0.17.
Northern Technologies International (NASDAQ:NTIC – Get Free Report) last released its earnings results on Thursday, July 9th. The specialty chemicals company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.06). Northern Technologies International had a negative net margin of 1.26% and a negative return on equity of 0.45%. The business had revenue of $24.22 million for the quarter, compared to analysts’ expectations of $23.40 million. Sell-side analysts expect that Northern Technologies International Corporation will post 0.1 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on NTIC
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Osaic Holdings Inc. grew its position in shares of Northern Technologies International by 1,124.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,501 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 3,215 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in Northern Technologies International by 4.1% in the second quarter. Dynamic Advisor Solutions LLC now owns 91,695 shares of the specialty chemicals company’s stock valued at $785,000 after acquiring an additional 3,618 shares during the period. Squarepoint Ops LLC grew its holdings in shares of Northern Technologies International by 57.5% during the third quarter. Squarepoint Ops LLC now owns 23,011 shares of the specialty chemicals company’s stock valued at $177,000 after purchasing an additional 8,401 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Northern Technologies International by 72.4% in the 4th quarter. Jane Street Group LLC now owns 27,302 shares of the specialty chemicals company’s stock worth $214,000 after purchasing an additional 11,470 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in Northern Technologies International during the 2nd quarter valued at approximately $88,000. 32.88% of the stock is currently owned by institutional investors.
Northern Technologies International Company Profile
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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