Northern Technologies International Corp. (NASDAQ:NTIC) shares gapped up before the market opened on Thursday . The stock had previously closed at $11.08, but opened at $11.20. Northern Technologies International Corp. shares last traded at $11.42, with a volume of 21,252 shares.

The stock has a 50-day moving average price of $11.61 and a 200 day moving average price of $12.31. The stock has a market cap of $51.03 million and a price-to-earnings ratio of 99.56.

A hedge fund recently raised its stake in Northern Technologies International Corp. stock. Rutabaga Capital Management LLC MA raised its position in Northern Technologies International Corp. (NASDAQ:NTIC) by 2.9% during the fourth quarter, Holdings Channel reports. The fund owned 418,254 shares of the company’s stock after buying an additional 11,643 shares during the period. Rutabaga Capital Management LLC MA owned about 9.22% of Northern Technologies International Corp. worth $5,801,000 as of its most recent filing with the SEC.

Northern Technologies International Corporation develops and markets environmentally beneficial products and services in over 60 countries either directly or via a network of joint ventures, independent distributors and agents. NTIC’s primary business is corrosion prevention marketed mainly under the ZERUST brand.

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