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

Northern Technologies International (NASDAQ:NTIC) posted its earnings results on Thursday. The specialty chemicals company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01), FiscalAI reports. The business had revenue of $22.00 million for the quarter, compared to analyst estimates of $21.10 million. Northern Technologies International had a negative return on equity of 0.44% and a negative net margin of 0.35%.

Northern Technologies International Stock Down 1.2%

NASDAQ NTIC opened at $8.00 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.77. The firm has a 50-day simple moving average of $8.64 and a 200 day simple moving average of $8.21. Northern Technologies International has a twelve month low of $6.75 and a twelve month high of $10.03. The stock has a market cap of $75.92 million, a PE ratio of -200.00 and a beta of 0.23.

Northern Technologies International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 11th. Investors of record on Wednesday, January 28th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, January 28th. Northern Technologies International’s dividend payout ratio (DPR) is presently -100.00%.

Wall Street Analyst Weigh In

NTIC has been the topic of several analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Northern Technologies International in a research report on Friday, March 27th. Wall Street Zen raised shares of Northern Technologies International to a “hold” rating in a research report on Saturday, January 10th. Finally, Zacks Research upgraded shares of Northern Technologies International from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Institutional Investors Weigh In On Northern Technologies International

Hedge funds have recently made changes to their positions in the stock. Rothschild Wealth LLC bought a new stake in shares of Northern Technologies International in the fourth quarter valued at about $1,330,000. Jane Street Group LLC lifted its stake in shares of Northern Technologies International by 72.4% in the fourth quarter. Jane Street Group LLC now owns 27,302 shares of the specialty chemicals company’s stock valued at $214,000 after buying an additional 11,470 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Northern Technologies International by 15.0% in the fourth quarter. Renaissance Technologies LLC now owns 126,377 shares of the specialty chemicals company’s stock valued at $990,000 after buying an additional 16,500 shares during the period. Citadel Advisors LLC lifted its stake in shares of Northern Technologies International by 35.1% in the third quarter. Citadel Advisors LLC now owns 59,085 shares of the specialty chemicals company’s stock valued at $456,000 after buying an additional 15,351 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Northern Technologies International by 274.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 65,581 shares of the specialty chemicals company’s stock valued at $506,000 after buying an additional 48,047 shares during the period. Institutional investors own 32.88% of the company’s stock.

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.