Northern Technologies International Corporation (NASDAQ:NTIC – Get Free Report)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.32 and traded as high as $8.35. Northern Technologies International shares last traded at $8.25, with a volume of 3,799 shares.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on NTIC shares. Zacks Research upgraded Northern Technologies International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northern Technologies International in a report on Friday, March 27th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.
Read Our Latest Stock Analysis on NTIC
Northern Technologies International Stock Up 0.6%
Northern Technologies International (NASDAQ:NTIC – Get Free Report) last announced its quarterly earnings results on Thursday, April 9th. The specialty chemicals company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The company had revenue of $22.00 million for the quarter, compared to analysts’ expectations of $21.10 million. Northern Technologies International had a negative net margin of 0.87% and a positive return on equity of 0.05%. Equities research analysts expect that Northern Technologies International Corporation will post 0.15 EPS for the current fiscal year.
Institutional Trading of Northern Technologies International
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Needham Investment Management LLC boosted its stake in shares of Northern Technologies International by 11.4% during the 4th quarter. Needham Investment Management LLC now owns 713,257 shares of the specialty chemicals company’s stock worth $5,585,000 after acquiring an additional 73,257 shares in the last quarter. Rothschild Wealth LLC purchased a new position in shares of Northern Technologies International in the 4th quarter valued at about $1,330,000. North Star Investment Management Corp. purchased a new position in shares of Northern Technologies International in the 1st quarter valued at about $1,220,000. Peapod Lane Capital LLC raised its holdings in Northern Technologies International by 64.6% in the 4th quarter. Peapod Lane Capital LLC now owns 142,621 shares of the specialty chemicals company’s stock worth $1,117,000 after purchasing an additional 55,987 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Northern Technologies International by 15.0% during the fourth quarter. Renaissance Technologies LLC now owns 126,377 shares of the specialty chemicals company’s stock worth $990,000 after purchasing an additional 16,500 shares in the last quarter. Institutional investors and hedge funds own 32.88% of the company’s stock.
About Northern Technologies International
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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