Shares of Northern Technologies International Corp. (NASDAQ:NTIC) dropped 0.6% on Friday . The stock traded as low as $11.18 and last traded at $11.18, with a volume of 52,098 shares trading hands. The stock had previously closed at $11.25.

The firm’s 50 day moving average is $11.55 and its 200-day moving average is $12.29. The company has a market capitalization 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 increased its stake in Northern Technologies International Corp. (NASDAQ:NTIC) by 2.9% during the fourth quarter, Holdings Channel reports. The firm 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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