Shares of Northern Technologies International Corp. (NASDAQ:NTIC) fell 0.6% during trading on Friday . The company 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 company’s 50 day moving average price is $11.55 and its 200 day moving average price is $12.29. The stock has a market capitalization of $50.72 million and a PE ratio of 93.17.

A hedge fund recently raised its stake in Northern Technologies International Corp. stock. Rutabaga Capital Management LLC MA boosted its stake 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 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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