Northern Technologies International (NASDAQ:NTIC) Raised to Hold at Zacks Research

Northern Technologies International (NASDAQ:NTIC) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday, Zacks reports.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northern Technologies International in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Northern Technologies International Price Performance

Shares of NTIC stock opened at $7.59 on Tuesday. Northern Technologies International has a 52 week low of $7.35 and a 52 week high of $10.03. The stock has a market capitalization of $72.11 million, a PE ratio of -63.25 and a beta of 0.18. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.72. The stock’s fifty day moving average is $8.14 and its 200-day moving average is $8.20.

Northern Technologies International (NASDAQ:NTIC) last released its quarterly earnings results on Thursday, July 9th. The specialty chemicals company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). The business had revenue of $24.22 million during the quarter, compared to the consensus estimate of $23.40 million. Northern Technologies International had a negative net margin of 1.26% and a negative return on equity of 0.45%. Equities research analysts expect that Northern Technologies International will post 0.1 EPS for the current fiscal year.

Insider Buying and Selling at Northern Technologies International

In related news, CEO G Patrick Lynch sold 16,070 shares of Northern Technologies International stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $8.00, for a total value of $128,560.00. Following the completion of the sale, the chief executive officer directly owned 105,284 shares in the company, valued at $842,272. This trade represents a 13.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Nigon sold 12,000 shares of the business’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $8.00, for a total value of $96,000.00. Following the sale, the director directly owned 47,148 shares of the company’s stock, valued at $377,184. This represents a 20.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 28,072 shares of company stock worth $224,576 in the last ninety days. 24.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Northern Technologies International

Several institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. boosted its stake in 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 valued at $26,000 after acquiring an additional 3,215 shares during the last quarter. Dynamic Advisor Solutions LLC raised its position in shares of Northern Technologies International by 4.1% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 91,695 shares of the specialty chemicals company’s stock valued at $785,000 after acquiring an additional 3,618 shares during the last quarter. Squarepoint Ops LLC raised its position in shares of Northern Technologies International by 57.5% during the 3rd quarter. Squarepoint Ops LLC now owns 23,011 shares of the specialty chemicals company’s stock valued at $177,000 after acquiring an additional 8,401 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Northern Technologies International by 72.4% in the 4th quarter. Jane Street Group LLC now owns 27,302 shares of the specialty chemicals company’s stock valued at $214,000 after purchasing an additional 11,470 shares during the period. Finally, Qube Research & Technologies Ltd bought a new position in shares of Northern Technologies International in the 2nd quarter worth $88,000. 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.