Northern Technologies International (NASDAQ:NTIC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Northern Technologies International (NASDAQ:NTIC) to a hold rating in a research report sent to investors on Saturday.

A number of other equities analysts also recently commented on NTIC. Weiss Ratings restated a “sell (d)” rating on shares of Northern Technologies International in a research note on Monday, December 29th. Zacks Research lowered Northern Technologies International from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 19th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, Northern Technologies International presently has an average rating of “Sell”.

Northern Technologies International Trading Up 5.4%

NASDAQ:NTIC opened at $9.21 on Friday. The company has a market cap of $87.40 million, a P/E ratio of -230.25 and a beta of 0.15. Northern Technologies International has a twelve month low of $6.75 and a twelve month high of $13.40. The business has a 50 day moving average price of $7.82 and a two-hundred day moving average price of $7.78. The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 0.01.

Northern Technologies International (NASDAQ:NTIC) last announced its quarterly earnings data on Thursday, January 8th. The specialty chemicals company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The business had revenue of $23.31 million during the quarter, compared to the consensus estimate of $22.10 million. Northern Technologies International had a negative return on equity of 0.44% and a negative net margin of 0.35%. As a group, analysts expect that Northern Technologies International will post 0.56 EPS for the current fiscal year.

Northern Technologies International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Wednesday, October 29th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, October 29th. Northern Technologies International’s dividend payout ratio is presently -100.00%.

Hedge Funds Weigh In On Northern Technologies International

A number of institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. raised its stake in Northern Technologies International by 1,124.1% in the second quarter. Osaic Holdings Inc. now owns 3,501 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 3,215 shares during the period. Qube Research & Technologies Ltd acquired a new stake in Northern Technologies International during the 2nd quarter valued at $88,000. Arrowstreet Capital Limited Partnership acquired a new stake in Northern Technologies International during the 2nd quarter valued at $130,000. Squarepoint Ops LLC increased its holdings in shares of Northern Technologies International by 57.5% in the third quarter. Squarepoint Ops LLC now owns 23,011 shares of the specialty chemicals company’s stock valued at $177,000 after purchasing an additional 8,401 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Northern Technologies International by 20.0% in the second quarter. PNC Financial Services Group Inc. now owns 24,000 shares of the specialty chemicals company’s stock valued at $178,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 32.88% of the company’s stock.

Northern Technologies International Company Profile

Northern Technologies International Corporation (NASDAQ: NTIC) is a Minnesota‐based specialty chemical company that develops, manufactures and markets environmentally responsible corrosion prevention and metal surface treatment products. The company’s solutions include volatile corrosion inhibitor (VCI) films, emitters, powders and liquids designed to protect ferrous and non‐ferrous metals in industrial, aerospace, defense, electronics and automotive applications. In addition, NTIC offers packaging materials, engineered coatings and specialty pretreatment chemicals that meet stringent environmental regulations while extending equipment life and reducing maintenance costs.

NTIC serves a diversified global customer base, including metal fabricators, automotive suppliers, electronics manufacturers and oil and gas producers.