Northern Technologies International (NTIC) Set to Announce Earnings on Tuesday

Northern Technologies International (NASDAQ:NTIC) will be releasing its earnings data before the market opens on Tuesday, November 21st. Analysts expect Northern Technologies International to post earnings of $0.18 per share for the quarter.

Northern Technologies International Stock Performance

Shares of NASDAQ NTIC opened at $12.06 on Thursday. The company has a market cap of $113.00 million, a P/E ratio of 32.59 and a beta of 0.82. The firm’s fifty day moving average is $12.72 and its two-hundred day moving average is $12.13. Northern Technologies International has a 52-week low of $10.10 and a 52-week high of $14.18.

Northern Technologies International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.28 dividend on an annualized basis and a yield of 2.32%. Northern Technologies International’s dividend payout ratio is currently 75.68%.

Hedge Funds Weigh In On Northern Technologies International

Institutional investors and hedge funds have recently made changes to their positions in the business. Meros Investment Management LP grew its stake 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 buying an additional 14,119 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Northern Technologies International by 9.9% during the 2nd quarter. Renaissance Technologies LLC now owns 95,677 shares of the specialty chemicals company’s stock worth $1,025,000 after purchasing an additional 8,600 shares during the period. Geode Capital Management LLC boosted its stake in shares of Northern Technologies International by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 63,719 shares of the specialty chemicals company’s stock worth $848,000 after purchasing an additional 977 shares during the period. Hudson Bay Capital Management LP purchased a new position in shares of Northern Technologies International during the 2nd quarter worth about $528,000. Finally, BlackRock Inc. boosted its stake in shares of Northern Technologies International by 8.2% during the 2nd quarter. BlackRock Inc. now owns 31,947 shares of the specialty chemicals company’s stock worth $342,000 after purchasing an additional 2,418 shares during the period. 30.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NTIC. StockNews.com began coverage on shares of Northern Technologies International in a report on Thursday, October 5th. They issued a “hold” rating on the stock. TheStreet raised shares of Northern Technologies International from a “c+” rating to a “b-” rating in a research note on Wednesday, September 27th.

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.