Northern Technologies International (NTIC) Issues Earnings Results
Northern Technologies International (NASDAQ:NTIC) posted its earnings results on Thursday. The specialty chemicals company reported $0.24 earnings per share for the quarter, Morningstar.com reports. Northern Technologies International had a net margin of 8.65% and a return on equity of 7.06%. The firm had revenue of $11.54 million during the quarter.
Shares of Northern Technologies International (NASDAQ NTIC) traded down $0.99 during midday trading on Friday, hitting $25.16. 16,500 shares of the company traded hands, compared to its average volume of 10,037. The stock has a market capitalization of $114.14, a P/E ratio of 33.55 and a beta of 1.28. Northern Technologies International has a 12 month low of $13.65 and a 12 month high of $27.00.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Friday, December 8th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Thursday, December 7th. Northern Technologies International’s payout ratio is 13.33%.
Separately, ValuEngine upgraded shares of Northern Technologies International from a “hold” rating to a “buy” rating in a research report on Monday, November 20th.
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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