Northern Technologies International (NASDAQ:NTIC) Share Price Crosses Above Two Hundred Day Moving Average of $12.67

Shares of Northern Technologies International Co. (NASDAQ:NTIC – Get Rating) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.67 and traded as high as $12.97. Northern Technologies International shares last traded at $12.88, with a volume of 9,836 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NTIC. TheStreet downgraded Northern Technologies International from a “b” rating to a “c+” rating in a research report on Monday, November 14th. Northland Securities increased their price target on Northern Technologies International to $21.00 in a report on Thursday, November 17th. Finally, StockNews.com initiated coverage on Northern Technologies International in a report on Wednesday, February 22nd. They issued a “hold” rating on the stock.

Northern Technologies International Stock Performance

The firm has a fifty day simple moving average of $12.92 and a 200 day simple moving average of $12.67. The company has a market capitalization of $120.63 million, a PE ratio of 51.52 and a beta of 0.88.

Northern Technologies International (NASDAQ:NTIC – Get Rating) last released its quarterly earnings data on Thursday, January 12th. The specialty chemicals company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.05). The firm had revenue of $19.95 million for the quarter, compared to analysts’ expectations of $19.50 million. Northern Technologies International had a return on equity of 4.18% and a net margin of 3.07%. Research analysts expect that Northern Technologies International Co. will post 0.77 EPS for the current fiscal year.

Northern Technologies International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 1st were given a $0.07 dividend. The ex-dividend date was Tuesday, January 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.17%. Northern Technologies International’s payout ratio is 112.00%.

Institutional Trading of Northern Technologies International

A number of institutional investors have recently made changes to their positions in NTIC. Meros Investment Management LP boosted its position in shares of Northern Technologies International by 7.3% in the 1st quarter. Meros Investment Management LP now owns 206,479 shares of the specialty chemicals company’s stock worth $2,481,000 after purchasing an additional 14,119 shares in the last quarter. State Street Corp raised its stake in shares of Northern Technologies International by 15.0% during the 1st quarter. State Street Corp now owns 19,227 shares of the specialty chemicals company’s stock valued at $231,000 after buying an additional 2,512 shares during the last quarter. Salem Investment Counselors Inc. raised its stake in shares of Northern Technologies International by 234.7% during the 2nd quarter. Salem Investment Counselors Inc. now owns 3,708 shares of the specialty chemicals company’s stock valued at $35,000 after buying an additional 2,600 shares during the last quarter. Rutabaga Capital Management LLC MA raised its stake in shares of Northern Technologies International by 20.5% during the 3rd quarter. Rutabaga Capital Management LLC MA now owns 387,416 shares of the specialty chemicals company’s stock valued at $5,157,000 after buying an additional 65,817 shares during the last quarter. Finally, Tradition Wealth Management LLC purchased a new position in shares of Northern Technologies International during the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 34.42% of the company’s stock.

Northern Technologies International Company Profile

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Northern Technologies International Corp. engages in the development and market of proprietary environmentally beneficial products and technical services. It operates through the Natur-Tec and Zerust segments. The Natur-Tec segment manufactures bio-degradable and bio-based plastics for industrial and consumer applications.