Northern Technologies International (NASDAQ:NTIC) Upgraded by Zacks Research to “Hold” Rating

Northern Technologies International (NASDAQ:NTIC) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Northern Technologies International in a research note on Friday, March 27th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Northern Technologies International Trading Down 0.5%

NTIC stock opened at $7.97 on Tuesday. The company has a market capitalization of $75.64 million, a PE ratio of -99.63 and a beta of 0.19. Northern Technologies International has a one year low of $7.14 and a one year high of $10.03. The company’s 50 day moving average price is $8.01 and its two-hundred day moving average price is $8.28. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.81.

Northern Technologies International (NASDAQ:NTIC) last posted its quarterly earnings results on Thursday, April 9th. The specialty chemicals company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $22.00 million for the quarter, compared to analysts’ expectations of $21.10 million. Northern Technologies International had a positive return on equity of 0.05% and a negative net margin of 0.87%. As a group, analysts predict that Northern Technologies International will post 0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Rothschild Wealth LLC purchased a new stake in shares of Northern Technologies International in the 4th quarter worth about $1,330,000. Renaissance Technologies LLC lifted its stake in Northern Technologies International by 15.0% during the 4th quarter. Renaissance Technologies LLC now owns 126,377 shares of the specialty chemicals company’s stock valued at $990,000 after acquiring an additional 16,500 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Northern Technologies International by 274.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 65,581 shares of the specialty chemicals company’s stock valued at $506,000 after acquiring an additional 48,047 shares during the period. Citadel Advisors LLC lifted its stake in Northern Technologies International by 35.1% during the 3rd quarter. Citadel Advisors LLC now owns 59,085 shares of the specialty chemicals company’s stock valued at $456,000 after acquiring an additional 15,351 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of Northern Technologies International by 72.4% in the 4th quarter. Jane Street Group LLC now owns 27,302 shares of the specialty chemicals company’s stock worth $214,000 after purchasing an additional 11,470 shares during the period. 32.88% of the stock is owned by hedge funds and other 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.