Northern Technologies International (NASDAQ:NTIC) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Northern Technologies International (NASDAQ:NTIC) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

Several other equities analysts have also recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northern Technologies International in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Northern Technologies International to a “hold” rating in a research report on Saturday, January 10th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Northern Technologies International presently has an average rating of “Reduce”.

Northern Technologies International Price Performance

Shares of NASDAQ NTIC opened at $9.06 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.77. Northern Technologies International has a fifty-two week low of $6.75 and a fifty-two week high of $13.06. The stock has a market cap of $85.98 million, a PE ratio of -226.50 and a beta of 0.15. The stock has a fifty day moving average of $7.97 and a 200-day moving average of $7.83.

Northern Technologies International (NASDAQ:NTIC) last issued its earnings results on Thursday, January 8th. The specialty chemicals company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company 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%. Equities research analysts anticipate that Northern Technologies International will post 0.56 earnings per share for the current year.

Northern Technologies International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 11th. Shareholders of record on Wednesday, January 28th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, January 28th. Northern Technologies International’s payout ratio is currently -100.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NTIC. Peapod Lane Capital LLC bought a new position in Northern Technologies International during the second quarter valued at approximately $486,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Northern Technologies International by 274.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 65,581 shares of the specialty chemicals company’s stock worth $506,000 after acquiring an additional 48,047 shares during the last quarter. RBF Capital LLC boosted its stake in shares of Northern Technologies International by 164.0% in the 2nd quarter. RBF Capital LLC now owns 64,390 shares of the specialty chemicals company’s stock valued at $477,000 after purchasing an additional 40,000 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Northern Technologies International during the 2nd quarter valued at $254,000. Finally, GSA Capital Partners LLP bought a new stake in Northern Technologies International in the third quarter worth $214,000. Institutional investors 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.