Northern Technologies International (NTIC) Downgraded by ValuEngine to Hold
ValuEngine lowered shares of Northern Technologies International (NASDAQ:NTIC) from a buy rating to a hold rating in a research note issued to investors on Friday.
Northern Technologies International (NASDAQ:NTIC) traded down $0.45 during trading hours on Friday, reaching $19.50. 6,721 shares of the company’s stock traded hands, compared to its average volume of 4,082. Northern Technologies International has a 52-week low of $12.55 and a 52-week high of $22.00. The stock has a market cap of $90.52, a P/E ratio of 26.25 and a beta of 1.40.
Northern Technologies International (NASDAQ:NTIC) last posted its earnings results on Monday, November 20th. The specialty chemicals company reported $0.30 earnings per share for the quarter. Northern Technologies International had a net margin of 8.65% and a return on equity of 7.06%. The firm had revenue of $10.90 million during the quarter. sell-side analysts forecast that Northern Technologies International will post 1.13 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Friday, December 8th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, December 7th. This represents a $0.40 annualized dividend and a yield of 2.05%.
Large investors have recently bought and sold shares of the business. Quantum Capital Management purchased a new stake in shares of Northern Technologies International during the third quarter worth about $305,000. Renaissance Technologies LLC grew its holdings in shares of Northern Technologies International by 20.8% during the first quarter. Renaissance Technologies LLC now owns 20,300 shares of the specialty chemicals company’s stock worth $370,000 after buying an additional 3,500 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Northern Technologies International during the third quarter worth about $381,000. Vanguard Group Inc. grew its holdings in shares of Northern Technologies International by 37.5% during the second quarter. Vanguard Group Inc. now owns 103,839 shares of the specialty chemicals company’s stock worth $1,656,000 after buying an additional 28,300 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Northern Technologies International by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 144,596 shares of the specialty chemicals company’s stock worth $2,306,000 after buying an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 25.00% of the company’s stock.
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Northern Technologies International Company Profile
Northern Technologies International Corporation develops and markets environmentally beneficial products and services. The Company’s primary business is corrosion prevention marketed mainly under ZERUST and EXCOR brands (collectively ZERUST). The Company’s segments include ZERUST and Natur-Tec. The Company is engaged in selling its ZERUST products and services to the automotive, electronics, electrical, mechanical, military and retail consumer markets.
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