Northern Technologies International (NASDAQ:NTIC) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Shares of Northern Technologies International Corporation (NASDAQ:NTIC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.19 and traded as high as $8.40. Northern Technologies International shares last traded at $8.26, with a volume of 4,943 shares traded.

Wall Street Analysts Forecast Growth

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

Northern Technologies International Trading Down 1.7%

The firm has a market cap of $78.39 million, a price-to-earnings ratio of -206.50 and a beta of 0.18. The business has a fifty day moving average of $8.83 and a two-hundred day moving average of $8.19. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.77.

Northern Technologies International (NASDAQ:NTIC) last issued its quarterly earnings data on Thursday, January 8th. The specialty chemicals company reported $0.04 earnings per share (EPS) 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%. As a group, equities analysts expect that Northern Technologies International Corporation will post 0.56 earnings per share for the current fiscal year.

Northern Technologies International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 11th. Stockholders of record on Wednesday, January 28th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, January 28th. Northern Technologies International’s payout ratio is -100.00%.

Institutional Investors Weigh In On Northern Technologies International

A number of large investors have recently added to or reduced their stakes in NTIC. Rothschild Wealth LLC acquired a new stake in Northern Technologies International in the 4th quarter valued at about $1,330,000. Needham Investment Management LLC raised its position in Northern Technologies International by 11.4% during the fourth quarter. Needham Investment Management LLC now owns 713,257 shares of the specialty chemicals company’s stock worth $5,585,000 after acquiring an additional 73,257 shares during the last quarter. Peapod Lane Capital LLC raised its position in Northern Technologies International by 64.6% during the fourth quarter. Peapod Lane Capital LLC now owns 142,621 shares of the specialty chemicals company’s stock worth $1,117,000 after acquiring an additional 55,987 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Northern Technologies International by 274.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 65,581 shares of the specialty chemicals company’s stock valued at $506,000 after purchasing an additional 48,047 shares in the last quarter. Finally, RBF Capital LLC grew its position in shares of Northern Technologies International by 164.0% in the second quarter. RBF Capital LLC now owns 64,390 shares of the specialty chemicals company’s stock valued at $477,000 after purchasing an additional 40,000 shares during the last quarter. 32.88% of the stock is owned by institutional investors and hedge funds.

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.