Northern Technologies International (NASDAQ:NTIC) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Northern Technologies International Corporation (NASDAQ:NTIC) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.98 and traded as high as $9.22. Northern Technologies International shares last traded at $9.22, with a volume of 2,454 shares.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NTIC shares. Wall Street Zen raised shares of Northern Technologies International to a “hold” rating in a research note on Saturday, January 10th. Zacks Research upgraded Northern Technologies International from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northern Technologies International in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Northern Technologies International Trading Up 2.6%

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.77 and a quick ratio of 1.13. The business’s 50-day moving average price is $8.62 and its two-hundred day moving average price is $7.98. The company has a market capitalization of $87.50 million, a P/E ratio of -230.50 and a beta of 0.21.

Northern Technologies International (NASDAQ:NTIC) last issued its quarterly earnings data 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). Northern Technologies International had a negative return on equity of 0.44% and a negative net margin of 0.35%.The business had revenue of $23.31 million for the quarter, compared to analyst estimates of $22.10 million. As a group, analysts forecast that Northern Technologies International Corporation will post 0.56 EPS for the current fiscal year.

Northern Technologies International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 11th. Stockholders of record on Wednesday, January 28th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, January 28th. Northern Technologies International’s payout ratio is -100.00%.

Institutional Trading of Northern Technologies International

A number of large investors have recently bought and sold shares of NTIC. Osaic Holdings Inc. lifted 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 in the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Northern Technologies International during the second quarter worth $88,000. XTX Topco Ltd bought a new stake in Northern Technologies International in the 4th quarter valued at $96,000. Arrowstreet Capital Limited Partnership bought a new stake in Northern Technologies International in the 2nd quarter valued at $130,000. Finally, Squarepoint Ops LLC boosted its stake in Northern Technologies International by 57.5% in the 3rd quarter. Squarepoint Ops LLC now owns 23,011 shares of the specialty chemicals company’s stock worth $177,000 after purchasing an additional 8,401 shares during the period. 32.88% of the stock is owned by institutional investors.

About Northern Technologies International

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.