Northern Technologies International Corporation (NASDAQ:NTIC – Get Free Report) CEO G Patrick Lynch sold 16,070 shares of Northern Technologies International stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $8.00, for a total value of $128,560.00. Following the completion of the transaction, the chief executive officer owned 105,284 shares in the company, valued at $842,272. This trade represents a 13.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
G Patrick Lynch also recently made the following trade(s):
- On Wednesday, July 29th, G Patrick Lynch sold 2 shares of Northern Technologies International stock. The shares were sold at an average price of $8.10, for a total transaction of $16.20.
Northern Technologies International Stock Up 0.5%
Shares of NASDAQ:NTIC traded up $0.04 during trading on Friday, reaching $8.02. The stock had a trading volume of 770 shares, compared to its average volume of 11,338. The firm’s 50-day simple moving average is $8.18 and its 200 day simple moving average is $8.41. The company has a current ratio of 1.72, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01. Northern Technologies International Corporation has a one year low of $7.14 and a one year high of $10.03. The company has a market capitalization of $76.19 million, a P/E ratio of -66.83 and a beta of 0.17.
Institutional Investors Weigh In On Northern Technologies International
A number of large investors have recently made changes to their positions in NTIC. Osaic Holdings Inc. raised its stake in Northern Technologies International by 1,124.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,501 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 3,215 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in Northern Technologies International during the 2nd quarter valued at about $88,000. XTX Topco Ltd purchased a new stake in Northern Technologies International during the 4th quarter valued at about $96,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Northern Technologies International in the second quarter valued at about $130,000. Finally, Squarepoint Ops LLC increased its holdings in shares of Northern Technologies International by 57.5% in 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 period. 32.88% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on NTIC shares. Zacks Research cut Northern Technologies International from a “hold” rating to a “strong sell” rating in a research report on Friday, July 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northern Technologies International in a research report on Wednesday, June 24th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, Northern Technologies International currently has a consensus rating of “Sell”.
View Our Latest Analysis on NTIC
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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