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 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
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.
- Get a free copy of the StockNews.com research report on Northern Technologies International (NTIC)
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