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


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Northern Technologies International (NASDAQ:NTIC) released its earnings results on Wednesday. The specialty chemicals company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ 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 during trading on Friday, reaching $12.24. 133 shares of the company’s stock were exchanged, compared to its average volume of 19,191. The company has a 50 day moving average price of $9.96 and a two-hundred day moving average price of $8.81. Northern Technologies International has a 1 year low of $4.70 and a 1 year high of $14.85. The stock has a market cap of $111.45 million, a P/E ratio of -82.73 and a beta of 1.24.

NTIC has been the subject of a number of recent research reports. Zacks Investment Research upgraded Northern Technologies International from a “sell” rating to a “hold” rating in a report on Saturday, November 14th. Northland Securities lifted their price target on Northern Technologies International from $13.00 to $15.00 and gave the stock an “outperform” rating in a report 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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