Shares of Northern Technologies International Corp. (NASDAQ:NTIC) gapped up prior to trading 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 trading hands.

The stock’s 50 day moving average is $11.55 and its 200 day moving average is $12.29. The stock has a market cap of $50.71 million and a PE ratio of 98.94.

A hedge fund recently raised its stake in Northern Technologies International Corp. stock. Rutabaga Capital Management LLC MA raised its position in shares of Northern Technologies International Corp. (NASDAQ:NTIC) by 2.9% during the fourth quarter, Holdings Channel reports. The institutional investor 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 at the end of the most recent quarter.

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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