StockNews.com started coverage on shares of Northern Technologies International (NASDAQ:NTIC – Get Rating) in a research note published on Monday. The firm issued a hold rating on the specialty chemicals company’s stock.
NTIC has been the topic of several other reports. Northland Securities lowered their target price on shares of Northern Technologies International from $24.00 to $18.00 in a research report on Friday, April 8th. TheStreet cut Northern Technologies International from a b- rating to a c+ rating in a report on Wednesday, April 20th.
Northern Technologies International Price Performance
NTIC opened at $11.27 on Monday. The business has a 50 day simple moving average of $10.54 and a 200-day simple moving average of $11.67. Northern Technologies International has a 12 month low of $9.05 and a 12 month high of $20.00. The stock has a market capitalization of $104.06 million, a P/E ratio of 14.83 and a beta of 1.10.
Northern Technologies International Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 17th. Shareholders of record on Wednesday, August 3rd will be issued a dividend of $0.07 per share. The ex-dividend date is Tuesday, August 2nd. This represents a $0.28 annualized dividend and a yield of 2.48%. Northern Technologies International’s dividend payout ratio (DPR) is currently 36.84%.
Institutional Trading of Northern Technologies International
Several large investors have recently modified their holdings of the business. Essex Investment Management Co. LLC lifted its stake in Northern Technologies International by 25.3% in the 4th quarter. Essex Investment Management Co. LLC now owns 47,980 shares of the specialty chemicals company’s stock valued at $734,000 after buying an additional 9,675 shares in the last quarter. Meros Investment Management LP purchased a new stake in Northern Technologies International during the 4th quarter worth about $2,943,000. Compass Ion Advisors LLC acquired a new position in Northern Technologies International in the 1st quarter valued at about $165,000. Finally, State Street Corp lifted its holdings in Northern Technologies International by 15.0% in the 1st quarter. State Street Corp now owns 19,227 shares of the specialty chemicals company’s stock valued at $231,000 after purchasing an additional 2,512 shares in the last quarter. 37.86% of the stock is currently owned by institutional investors and hedge funds.
About Northern Technologies International
Northern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.
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