Northern Technologies International Corp (NASDAQ:NTIC) Rating Lowered to Hold at ValuEngine

Northern Technologies International Corp (NASDAQ:NTIC) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Northern Technologies International Corp (NASDAQ NTIC) opened at 17.25 on Friday. The firm has a market capitalization of $78.09 million, a P/E ratio of 131.68 and a beta of 1.28. The company has a 50 day moving average of $16.25 and a 200 day moving average of $16.15. Northern Technologies International Corp has a 1-year low of $12.50 and a 1-year high of $19.30.

Northern Technologies International Corp (NASDAQ:NTIC) last announced its quarterly earnings data on Thursday, July 13th. The specialty chemicals company reported $0.30 earnings per share for the quarter. Northern Technologies International Corp had a return on equity of 11.95% and a net margin of 14.63%. The company had revenue of $10.22 million during the quarter. On average, equities research analysts anticipate that Northern Technologies International Corp will post $1.02 earnings per share for the current year.

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Large investors have recently made changes to their positions in the company. US Bancorp DE raised its stake in shares of Northern Technologies International Corp by 41.0% in the first quarter. US Bancorp DE now owns 7,085 shares of the specialty chemicals company’s stock valued at $129,000 after buying an additional 2,060 shares during the period. Sheets Smith Wealth Management raised its stake in shares of Northern Technologies International Corp by 46.2% in the first quarter. Sheets Smith Wealth Management now owns 15,522 shares of the specialty chemicals company’s stock valued at $283,000 after buying an additional 4,907 shares during the period. Renaissance Technologies LLC raised its stake in shares of Northern Technologies International Corp by 4.3% in the fourth quarter. Renaissance Technologies LLC now owns 16,800 shares of the specialty chemicals company’s stock valued at $231,000 after buying an additional 700 shares during the period. Creative Planning purchased a new stake in shares of Northern Technologies International Corp during the first quarter valued at $328,000. Finally, Accredited Investors Inc. purchased a new stake in shares of Northern Technologies International Corp during the first quarter valued at $347,000. 25.62% of the stock is owned by institutional investors.

Northern Technologies International Corp Company Profile

Northern Technologies International Corporation develops and markets environmentally beneficial products and services. The Company’s primary business is corrosion prevention marketed mainly under ZERUST and EXCOR brands (collectively ZERUST). The Company’s segments include ZERUST and Natur-Tec. The Company is engaged in selling its ZERUST products and services to the automotive, electronics, electrical, mechanical, military and retail consumer markets.

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