Northern Technologies International (NASDAQ:NTIC) Releases Quarterly Earnings Results

Northern Technologies International (NASDAQ:NTIC) released its earnings results on Wednesday. The specialty chemicals company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05), Zacks reports. Northern Technologies International had a net margin of 6.36% and a return on equity of 8.03%.

Northern Technologies International Stock Up 3.7 %

Shares of NASDAQ:NTIC opened at $13.43 on Thursday. The company has a 50-day moving average price of $13.55 and a 200 day moving average price of $13.32. Northern Technologies International has a 52 week low of $11.55 and a 52 week high of $19.63. The company has a market cap of $127.18 million, a P/E ratio of 24.42 and a beta of 0.62.

Northern Technologies International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.28 annualized dividend and a yield of 2.08%. Northern Technologies International’s dividend payout ratio is currently 50.91%.

Northern Technologies International Company Profile

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting solutions 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.