Northern Technologies International Corporation (NASDAQ:NTIC) Lifted to Buy at ValuEngine

Northern Technologies International Corporation (NASDAQ:NTIC) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, September 6th.

Northern Technologies International Corporation (NASDAQ NTIC) opened at 16.95 on Wednesday. The company has a 50-day moving average of $17.47 and a 200-day moving average of $16.84. The firm has a market cap of $76.73 million, a price-to-earnings ratio of 129.39 and a beta of 1.33. Northern Technologies International Corporation has a 1-year low of $12.50 and a 1-year high of $19.30.

Northern Technologies International Corporation (NASDAQ:NTIC) last released its quarterly earnings data on Thursday, July 13th. The specialty chemicals company reported $0.30 earnings per share for the quarter. The company had revenue of $10.22 million during the quarter. Northern Technologies International Corporation had a net margin of 1.56% and a return on equity of 5.24%. Analysts predict that Northern Technologies International Corporation will post $1.02 earnings per share for the current year.

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A number of hedge funds have recently made changes to their positions in the business. Rutabaga Capital Management LLC MA increased its stake in Northern Technologies International Corporation by 1.7% during the 1st quarter. Rutabaga Capital Management LLC MA now owns 287,956 shares of the specialty chemicals company’s stock valued at $5,254,000 after purchasing an additional 4,750 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Northern Technologies International Corporation by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 144,596 shares of the specialty chemicals company’s stock valued at $2,306,000 after purchasing an additional 800 shares in the last quarter. Vanguard Group Inc. increased its stake in Northern Technologies International Corporation by 37.5% during the 2nd quarter. Vanguard Group Inc. now owns 103,839 shares of the specialty chemicals company’s stock valued at $1,656,000 after purchasing an additional 28,300 shares in the last quarter. Cove Street Capital LLC increased its stake in Northern Technologies International Corporation by 37.3% during the 1st quarter. Cove Street Capital LLC now owns 62,424 shares of the specialty chemicals company’s stock valued at $1,139,000 after purchasing an additional 16,945 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Northern Technologies International Corporation by 20.8% during the 1st quarter. Renaissance Technologies LLC now owns 20,300 shares of the specialty chemicals company’s stock valued at $370,000 after purchasing an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 25.82% of the company’s stock.

About Northern Technologies International Corporation

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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