Analysts at Northland Securities began coverage on shares of Northern Technologies International (NASDAQ:NTIC) in a report issued on Thursday, The Fly reports. The brokerage set an “outperform” rating on the specialty chemicals company’s stock.
Separately, ValuEngine raised Northern Technologies International from a “sell” rating to a “hold” rating in a report on Thursday, August 1st.
Shares of NASDAQ:NTIC opened at $11.60 on Thursday. The stock’s fifty day simple moving average is $11.20 and its two-hundred day simple moving average is $21.02. Northern Technologies International has a 1-year low of $10.02 and a 1-year high of $17.97. The stock has a market cap of $104.54 million, a PE ratio of 16.34 and a beta of 0.97.
Northern Technologies International (NASDAQ:NTIC) last announced its earnings results on Tuesday, July 9th. The specialty chemicals company reported $0.16 earnings per share (EPS) for the quarter. Northern Technologies International had a return on equity of 11.30% and a net margin of 11.44%. The firm had revenue of $14.89 million during the quarter. Equities research analysts forecast that Northern Technologies International will post 0.68 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the business. Bremer Bank National Association purchased a new position in Northern Technologies International during the 1st quarter valued at about $26,000. Morgan Stanley boosted its position in shares of Northern Technologies International by 333.4% during the 2nd quarter. Morgan Stanley now owns 1,621 shares of the specialty chemicals company’s stock valued at $40,000 after acquiring an additional 1,247 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Northern Technologies International during the 1st quarter valued at about $98,000. Bank of America Corp DE bought a new stake in shares of Northern Technologies International during the 4th quarter valued at about $204,000. Finally, Alambic Investment Management L.P. bought a new stake in shares of Northern Technologies International during the 1st quarter valued at about $266,000. 16.40% of the stock is owned by institutional investors and hedge funds.
Northern Technologies International Company Profile
Northern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services to automotive, electronics, electrical, mechanical, military, retail consumer, and oil and gas markets. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.
Further Reading: Oversold
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