Northern Technologies International (NASDAQ:NTIC) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Northern Technologies International Corporation (NASDAQ:NTIC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.15 and traded as high as $8.84. Northern Technologies International shares last traded at $8.51, with a volume of 9,251 shares changing hands.

Analyst Ratings Changes

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

Northern Technologies International Trading Up 3.3%

The company has a market cap of $80.78 million, a price-to-earnings ratio of -212.75 and a beta of 0.18. The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average price is $8.93 and its 200-day moving average price is $8.15.

Northern Technologies International (NASDAQ:NTIC) last released its quarterly earnings results on Thursday, January 8th. The specialty chemicals company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $23.31 million for the quarter, compared to analyst estimates of $22.10 million. Northern Technologies International had a negative return on equity of 0.44% and a negative net margin of 0.35%. On average, equities analysts anticipate that Northern Technologies International Corporation will post 0.56 EPS for the current fiscal year.

Northern Technologies International Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Wednesday, January 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.5%. Northern Technologies International’s dividend payout ratio (DPR) is currently -100.00%.

Hedge Funds Weigh In On Northern Technologies International

Several institutional investors and hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. increased its position in Northern Technologies International by 1,124.1% during the second quarter. Osaic Holdings Inc. now owns 3,501 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 3,215 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Northern Technologies International by 20.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 24,000 shares of the specialty chemicals company’s stock worth $178,000 after purchasing an additional 4,000 shares in the last quarter. Squarepoint Ops LLC increased its holdings in shares of Northern Technologies International by 57.5% during the third 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. Jane Street Group LLC increased its holdings in shares of Northern Technologies International by 72.4% during the fourth 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. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Northern Technologies International in the second quarter valued at approximately $88,000. 32.88% of the stock is currently owned by institutional investors and hedge funds.

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.