Northern Technologies International (NASDAQ:NTIC) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Northern Technologies International (NASDAQ:NTICFree Report) to a hold rating in a research note issued to investors on Saturday.

Several other research firms have also weighed in on NTIC. Zacks Research lowered shares of Northern Technologies International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northern Technologies International in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Read Our Latest Analysis on Northern Technologies International

Northern Technologies International Trading Up 0.6%

Northern Technologies International stock opened at $8.74 on Friday. Northern Technologies International has a 52 week low of $6.75 and a 52 week high of $13.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.86. The firm has a market capitalization of $82.86 million, a price-to-earnings ratio of -218.50 and a beta of 0.15. The company has a 50 day moving average price of $7.79 and a 200 day moving average price of $7.77.

Northern Technologies International (NASDAQ:NTICGet Free Report) last released its earnings results on Thursday, January 8th. The specialty chemicals company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The business had revenue of $23.31 million during the quarter, compared to analysts’ expectations of $22.10 million. Northern Technologies International had a negative net margin of 0.35% and a negative return on equity of 0.44%. Research analysts forecast that Northern Technologies International will post 0.56 EPS for the current year.

Northern Technologies International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Wednesday, October 29th were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, October 29th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.5%. Northern Technologies International’s dividend payout ratio (DPR) is currently -100.00%.

Hedge Funds Weigh In On Northern Technologies International

Hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. lifted its position in shares of Northern Technologies International by 1,124.1% in the second quarter. Osaic Holdings Inc. now owns 3,501 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 3,215 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in Northern Technologies International in the 2nd quarter worth approximately $88,000. Arrowstreet Capital Limited Partnership bought a new stake in Northern Technologies International during the second quarter worth approximately $130,000. Squarepoint Ops LLC grew its holdings in 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. Finally, PNC Financial Services Group Inc. raised its position in shares of Northern Technologies International by 20.0% in the second quarter. PNC Financial Services Group Inc. now owns 24,000 shares of the specialty chemicals company’s stock valued at $178,000 after purchasing an additional 4,000 shares during the period. 32.88% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Northern Technologies International

Here are the key news stories impacting Northern Technologies International this week:

Northern Technologies International Company Profile

(Get Free Report)

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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