Northern Technologies International (NASDAQ:NTIC) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Northern Technologies International (NASDAQ:NTICGet 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 (NASDAQ:NTICGet Rating) last released its earnings results on Thursday, July 7th. The specialty chemicals company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.03). Northern Technologies International had a net margin of 10.56% and a return on equity of 5.75%. The business had revenue of $18.97 million during the quarter, compared to analyst estimates of $19.00 million. During the same period last year, the business posted $0.21 EPS. Research analysts anticipate that Northern Technologies International will post 0.36 EPS for the current year.

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

(Get Rating)

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.

Recommended Stories

Receive News & Ratings for Northern Technologies International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Technologies International and related companies with MarketBeat.com's FREE daily email newsletter.